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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Lloyds Banking Group Plc | LSE:LLOY | London | Ordinary Share | GB0008706128 | ORD 10P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
-0.54 | -1.04% | 51.24 | 51.22 | 51.26 | 52.18 | 51.16 | 51.42 | 9,905,109 | 08:33:06 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Commercial Banks, Nec | 23.74B | 5.46B | 0.0859 | 6.03 | 32.92B |
TIDMLLOY TIDM94WP TIDM63GF
RNS Number : 8322I
Lloyds Banking Group PLC
04 June 2014
NOT FOR DISTRIBUTION IN OR INTO OR TO ANY PERSON LOCATED OR RESIDENT IN THE UNITED STATES, ITS TERRITORIES AND POSSESSIONS, ANY STATE OF THE UNITED STATES OR THE DISTRICT OF COLUMBIA (THE "UNITED STATES") OR TO ANY U.S. PERSON.
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4 June 2014
Bank of Scotland plc and Lloyds Bank plc announce the results of their tender offers for certain Euro and Sterling Covered Bonds
On 27 May 2014, Bank of Scotland plc and Lloyds Bank plc (together, the "Offerors") invited all Holders of the Covered Bonds listed below (subject to the invitation restrictions set out in the Tender Offer Memorandum (as defined below)) to tender any and all of their Covered Bonds for purchase by the relevant Offeror for cash (the "Offers").
The Offers were made upon the terms and subject to the conditions contained in the tender offer memorandum dated 27 May 2014 (the "Tender Offer Memorandum").
This announcement is made in accordance with the Tender Offer Memorandum. Capitalised terms used and not otherwise defined in this announcement have the meanings given in the Tender Offer Memorandum.
The Offerors hereby announce (i) the aggregate principal amount of each Series of Covered Bonds accepted for purchase pursuant to the relevant Offer being all of the Covered Bonds of such Series validly tendered (the "Series Acceptance Amount"), (ii) in respect of the Euro Covered Bonds, the relevant Reference Yield, Repurchase Yield and Purchase Price and (iii) the relevant Accrued Interest Payment.
Accrued Interest Payment Series Principal Amount per Acceptance Outstanding thousand Amount following the Reference Repurchase Purchase Principal Title of Security ISIN Number Offers Yield Yield Price Amount ------------------ --------------- ----------------- ----------------- ---------- ----------- ----------- ----------- GBP500,000,000 Fixed to Floating XS0208047778 GBP0 GBP110,350,000 N/A N/A N/A N/A Rate Covered Bonds due December 2014 issued by Bank of Scotland plc EUR2,000,000,000 4.75 per cent. Covered Bonds due January 2015 issued by Bank of Scotland plc XS0327502224 EUR448,463,000 EUR405,860,000 0.021% 0.021% 102.979% EUR17.57 EUR1,500,000,000 Series 2010-1 Fixed Rate Covered Bonds due March 2015 issued by Lloyds Bank plc XS0482808465 EUR623,870,000 EUR876,130,000 0.049% 0.049% 102.550% EUR7.86
Payment of the relevant Purchase Price and Accrued Interest Payment in respect of Covered Bonds validly tendered in the Offers and accepted for purchase is expected to be made on 10 June 2014.
For further information please contact:
For analysts:
Charles King
Investor Relations Director
Lloyds Banking Group
charles.king@finance.lloydsbanking.com
+44 207 356 3537
For press:
Matt Smith
Media Relations
matt.smith@lloydsbanking.com
+44 207 356 3522
Holders are advised to read carefully the Tender Offer Memorandum for full details of, and information on, the Offers. Requests for information in relation to the Offers should be directed to the Dealer Managers and/or the Tender Agent:
DEALER MANAGERS Citigroup Global Markets Lloyds Bank plc Limited 10 Gresham Street Citigroup Centre London EC2V 7AE Canada Square United Kingdom London E14 5LB Tel: +44 20 7158 2720 United Kingdom Attention: Liability Management Group email: liability.management@lloydsbanking.com Tel: +44 20 7986 8969 Attention: Liability Management Group email: liabilitymanagement.europe@citi.com TENDER AGENT Lucid Issuer Services Limited Leroy House 436 Essex Road London N1 3QP United Kingdom Tel: +44 20 7704 0880 Fax: +44 20 7067 9098 Attention: Sunjeeve Patel/Paul Kamminga email: bos@lucid-is.com
This announcement must be read in conjunction with the Tender Offer Memorandum.
This announcement does not constitute an offer or an invitation to participate in the Offers in the United States or in any other jurisdiction in which, or to any person to or from whom, it is unlawful to make such offer or invitation or for there to be such participation under applicable laws.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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