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The bank said in a statement that approximately 95.3 per cent have been sold to investors since the offer was announced last month.
It is aiming to raise £13.5 billion from the rights issue, which will contribute towards an overall capital raising target of £21 billion and help the financial institution avoid becoming part of the Asset Protection Scheme run by the government.
Following the announcement, shares in Lloyds were up 0.28 per cent in the morning session of stock market trading today (December 14th), rising to 56.38p.
Today also signifies the first time that the new shares issued can be traded on the stock market.
Eric Daniels, chief executive of the bank, thanked shareholders for their "considerable support" on the issue, adding: "Our focus remains on delivering on our plans to become the UK's leading financial services company."
Posted by Chris Weaver
