Lloyds Banking Group has announced the redemption of €750 million in contingent convertible securities, set to finalize on June 27, 2025. The securities, with a fixed rate of 6.375%, will be bought back at full principal value plus accrued interest, after which their listing will be cancelled. This move is part of the Group's capital management strategy, ensuring a smooth redemption process by depositing necessary funds with the Trustee prior to the redemption date.