Rebel investors had fought for years against forced repurchase of enhanced capital note (ECN) bonds. Lloyds Bank has won a court case against investors who claimed the bank was not entitled to repurchase enhanced capital requirement ( EU ) bonds for their original issue ##rs . The High Court decision could save Lloyds £ 1bn on interest payments over the next four years . The investors , who disputed the bank 's claims that the ECN bonds caused capital disqualification , will now receive lower payouts and losses on future returns .
Lloyds Bank has won a court case against investors who claimed the bank was not entitled to repurchase enhanced capital requirement ( EU ) bonds for their original issue ##rs . The High Court decision could save Lloyds £ 1bn on interest payments over the next four years . The investors , who disputed the bank 's claims that the ECN bonds caused capital disqualification , will now receive lower payouts and losses on future returns .