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 note (ECN) bonds for their original issue price. The Supreme 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 received capital disqualification, will now receive lower payouts and losses on future returns.