Lloyds mulls over £15bn rights issue to avoid APS

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Lloyds mulls over £15bn rights issue to avoid APS

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10-08-2009, 12:23 PM

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Lloyds mulls over £15bn rights issue to avoid APS

In order to avoid participating in the Government’s Asset Protection Scheme (APS), Lloyds Banking Group is looking at ways to raise cash with one option being tapping investors for £15 billion - which would be the biggest ever rights issue in UK corporate history.The banking giant, which is 43% owned by the taxpayer, is understood [...]

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