Commentary & Deal Flow

Reoffer: 5yr: MS+60bp / 99.923 / 3.392%
Benchmark: 5yr: OBL 2.5% 16-Apr-31 @ 99.312 / B+74.1bp / HR 103%

Final Books >€2bn (Incl. €40m JLM). Peak book >€2.15bn (Incl. €40m JLM)

Launched: 5yr: €500m @ MS+60bp - Books >€2.15bn (Incl. €40m JLM)
Book Update: Books in excess of €1.75bn (incl. €40m JLM)
IPTs: 5yr: MS+85-90bp

• Issuer: Lloyds Bank Corporate Markets plc (LEI#: 213800MBWEIJDM5CU638)
• Ticker: LLOYDS
• Expected Issue Rating: A1/A/AA (Moody's/S&P/Fitch)
• Ranking: Senior Unsecured
• Format: Reg S, Bearer, NGN
• Size: €500m
• Settlement: 09-Jul-26 (T+3)
• Maturity Date: 09-Jul-31
• Reoffer: MS+60bp / 99.923 / 3.392%
• Benchmark: OBL 2.5% 16-Apr-31 (DE000BU25067) @ 99.312 / B+74.1bp / HR 103%
• Initial Coupon: 3.375% Fixed, Annual, ACT/ACT ICMA
• Documentation: Lloyds Bank Corporate Markets plc £10bn Euro Medium Term Note Programme base prospectus dated 25 June 2026 (the “Prospectus”)
• Listing/Law/Denoms: London (Main Market)/ English Law / 100k+1k
• Clearing: Euroclear, Clearstream
• ISIN/Common Code: XS3435287365 / 343528736
• Joint Lead Managers: Lloyds (B&D), BBVA, Goldman Sachs International, Goodbody and Santander
• Selling Restrictions: Reg S (Category 2), TEFRA D. No sales to EEA or UK retail
• Target Market: UK MIFIR professionals/ECPs-only/ Manufacturer target market (UK MIFIR product governance) is eligible counterparties and professional clients only (all distribution channels). No disclosure document has been prepared as not available to retail in UK MiFID II professionals/ECPs-only/ No EU PRIIPs KID– Manufacturer target market (MIFID II product governance) is eligible counterparties and professional clients only (all distribution channels). No EU PRIIPs key information document (KID) has been prepared as not available to retail in EEA
• Timing: Priced, TOE: 15:09 UKT / 16:09 CET, FTT: 15:30 UKT / 16:30 CET
• Fees: The Banks will be paid a fee by the Issuer in respect of the placement of the securities. Details of the fee may be made available upon request
• Advertisement: The Base Prospectus is available at https://www.lloydsbankinggroup.com/investors/fixed-income-investors/unsecured-funding/# and Final Terms, when published, will be available on the website of the London Stock Exchange: www.londonstockexchange.com.