Lloyds Banking Group PLC, in a worst-case scenario, could end up having to pay for the disposal of its retail banking assets if it does not find a buyer within the four-year time frame, it disclosed in a prospectus.

"In particular, should the group fail to complete the disposal of the retail banking business that the group expects to be required to divest within four years, a divestiture trustee would be appointed to conduct the sale, with a mandate to complete the disposal with no minimum price (including at a negative price)," the U.K. bank said under "risk factors" in its prospectus detailing plans to raise money from shareholders.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.