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Lloyds Banking Group plc has commenced a tender offer to purchase for cash any and all of certain series of outstanding perpetual notes issued by Lloyds Bank plc and Bank of Scotland plc (formerly The Governor and Company of the Bank of Scotland), the company said.
Bank, with total assets of $272 billion, is a wholly owned subsidiary of The Governor and Company of the Bank of Scotland ("Bank of Scotland"), Edinburgh, United Kingdom.

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