Lloyds Wins U.K. Top Court Suit on 3.3 Billion-Pound Bonds

Updated on
  • Majority of five judge rules in favor of early redemption
  • Convertible notes first sold in 2009 after capital shortfall

Lloyds Banking Group Plc won a U.K. Supreme Court ruling Thursday over whether it was permitted to do an early redemption of 3.3 billion pounds ($4.7 billion) of bonds, ending a disagreement springing from the bank’s attempts to weather the financial crisis.

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