Lloyds Banking Group issues £13.5bn rights issue
Share
Lloyds Banking Group has launched the £13.5bn rights issue with new shares offered at 37p a share.
The issue price represents a discount of 59.5% on Lloyds Banking Group’s share price on November 23 2009 and is the UK’s largest ever rights issue.
The new shares will represent 57.3% of the enlarged share capital of Lloyds Banking Group immediately following completion of the rights issue and share subdivision.
If you enjoyed this article, sign up here to receive daily email updates from Mortgage Strategy and Follow @mortgagestrat
