But the Supreme Court said the bank had been entitled to buy back the bonds at their original issue price. The Supreme Court 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. Lloyds decision could save ECN £ 1bn on interest payments over the next four years . The investors, who disputed the bank's claims that the The Supreme Court bonds received capital disqualification, will now receive lower payouts and losses on future returns.
The Supreme Court 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. Lloyds decision could save ECN £ 1bn on interest payments over the next four years . The investors, who disputed the bank's claims that the The Supreme Court bonds received capital disqualification, will now receive lower payouts and losses on future returns.