Featured events

Events | Virtual

Bankruptcy and Restructuring: Navigating Distress in the Evolving Markets

22 Jun 2023

Learn more >

Events | Virtual

Private Funds Industry Live, Expanding Private Funds in Global Markets

10 Jan 2023

Watch the recording >

Events | Virtual

Private Funds Industry Live, Demystifying Private Capital Funds

6 Dec 2022

Watch the recording >
Show all events >

Penarth Master Issuer PLC

Transaction details


Lloyds Banking Group Plc


Consumer Credit Cards


Lloyds Bank

Legal adviser(s):

Carey Olsen, Clifford Chance LLP, Hogan Lovells US LLP, Shepherd and Wedderburn LLP, Weil, Gotshal & Manges (London) LLP, Norton Rose Fulbright LLP, Mourant Ozannes, Dentons UK and Middle East LLP

Lead manager:

Lloyds Bank

Intertrust role:

Corporate Administration, UK Directors, Share Trustee, Share Nominee


England and Wales


Medium Term Note Programme Update 2018 Due

Offering documents

Our services

Corporate Client Services

Operating internationally can be challenging. You need a partner who understands local rules, culture and customs and how they affect legal and regulatory requirements. That’s where we come in.

Can't find what you're looking for?

View all corporate client services

Private Capital & Hedge Funds Services

We differentiate our global leading fund services through our geographical spread, domain strength, technology offering and depth of services.

Can't find what you're looking for?

View all private capital & hedge fund services

Capital Markets

As capital markets evolve across the globe, you need a bespoke approach from a service provider with a genuine understanding of how markets are changing.

Can't find what you're looking for?

View all capital markets services

Private Clients

By understanding the importance of long-term relationships built around trust, we aim to truly understand your values. We’re your partner to help you protect, preserve and plan for the future.

Can't find what you're looking for?

View all private client services