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Lloyds TSB Bank PLC Tender Offer - EUR and GBP securities - Results

TIDM38ZT TIDMLLOY RNS Number : 2416H Lloyds TSB Bank PLC 09 July 2012 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. ========================================================================================== 9 July 2012, 2.40 p.m. Lloyds TSB Bank plc cash tender offer on certain euro and pounds sterling securities: announcement of pricing information and final results On 28 June 2012, Lloyds TSB Bank plc (the "Issuer") invited Holders of the securities listed below (the "Securities") to tender their Securities for cash purchase (the "Offers") on the terms of and subject to the Maximum Offer Amount and the other conditions contained in a tender offer memorandum dated 28 June 2012 (the "Tender Offer Memorandum"). Capitalised terms not otherwise defined in this announcement have the same meaning as assigned to them in the Tender Offer Memorandum. Further to such invitation, the Issuer announced the Clearing Spread and indicative Series Acceptance Amount in respect of each Series of Securities at 10.50 a.m. (London time) today, 9 July 2012. The Issuer hereby informs Holders that the Reference Yield, Repurchase Yield, Purchase Price, Accrued Interest; and final Series Acceptance Amount in respect of each Series of Securities has been set as specified in the table below. The Issuer has elected to increase the Maximum Offer Amount in accordance with the conditions contained in the Tender Offer Memorandum to GBP1,442,000,000. Series Principal Amount Reference Clearing Reference Repurchase Purchase Acceptance Accrued Title of Security ISIN Numbers Outstanding Benchmark Spread Yield Yield Price[ ] Amount Interest[++] ------------------ -------------- ----------------- ------------- --------- ---------- ----------- ------------ --------------- ------------- EUR982,549,000 Applicable 6.25 per cent. Interpolated +90 Notes due April Mid-Swap basis 2014 XS0422704238 EUR982,549,000 Rate points 0.843% 1.743% EUR1,077.43 EUR306,693,000 EUR14.90 EUR1,500,000,000 Applicable 4.50 per cent. Interpolated +90 Notes due Mid-Swap basis September 2014 XS0604400001 EUR1,500,000,000 Rate points 0.773% 1.673% EUR1,059.98 EUR503,203,000 EUR36.89 EUR1,250,000,000 Applicable 3.75 per cent. Interpolated +135 Notes due Mid-Swap basis September 2015 XS0539845171 EUR1,250,000,000 Rate points 0.846% 2.196% EUR1,046.87 EUR232,435,000 EUR31.56 EUR2,000,000,000 Applicable 6.375 per cent Interpolated +200 Notes due June Mid-Swap basis 2016 XS0435070288 EUR2,000,000,000 Rate points 0.945% 2.945% EUR1,125.63 EUR295,929,000 EUR4.19 GBP400,000,000 5 per cent. 6.75 per cent. UK Treasury +314 Notes due Gilt due basis October 2018 XS0395139354 GBP400,000,000 March 2018 points 0.778% 3.918% GBP1,156.38 GBP174,150,000 GBP14.39 EUR1,500,000,000 Applicable 5.375 per cent. Interpolated +200 Notes due Mid-Swap basis September 2019 XS0449361350 EUR1,500,000,000 Rate points 1.472% 3.472% EUR1,118.53 EUR259,259,000 EUR45.82 FURTHER INFORMATION Lucid Issuer Services Limited has been appointed by the Issuer as Tender Agent (the "Tender Agent") for the purposes of the Offers. Deutsche Bank AG, London Branch and Lloyds TSB Bank plc (acting through Lloyds Bank) have been appointed by the Issuer as Dealer Managers (the "Dealer Managers") for the purposes of the Offers. For further information please contact: For press: Nicole Sharp Media Relations Nicole.sharp@lloydsbanking.com +44 207 356 2120 For analysts: Frederik Verpoest Director of Investor Relations Lloyds Banking Group +44 207 356 2385 +44 750 948 4949 Requests for information in relation to the Offers should be directed to: DEALER MANAGERS Deutsche Bank AG, London Branch Lloyds TSB Bank plc Winchester House Lloyds Bank 1 Great Winchester Street 10 Gresham Street London EC2N 2DB London EC2V 7AE United Kingdom United Kingdom Tel: +44 20 7545 8011 Tel: +44 20 7158 3981 Attention: Liability Management Attention: Liability Management Group Group email: liability.management@db.com email: liability.management@lloydsbanking.com TENDER AGENT Lucid Issuer Services Limited Leroy House 436 Essex Road London N1 3QP United Kingdom Tel: +44 (0) 20 7704 0880 Attention: Sunjeeve Patel / David Shilson / Thomas Choquet / Paul Kamminga Email: lbg@lucid-is.com DISCLAIMER This announcement must be read in conjunction with the Tender Offer Memorandum. This announcement and the Tender Offer Memorandum contain important information which must be read carefully before any decision is made with respect to the Offers. If any Holder is in any doubt as to the action it should take, it is recommended to seek its own legal, tax, accounting and financial advice, including as to any tax consequences, from its stockbroker, bank manager, solicitor, accountant or other independent financial adviser. Any individual or company whose Securities are held on its behalf by a broker, dealer, bank, custodian, trust company or other nominee must contact such entity if it wishes to participate in the Offers. None of the Issuer, the Dealer Managers, the Tender Agent and any person who controls, or is a director, officer, employee or agent of such persons, or any affiliate of such persons, makes any recommendation as to whether Holders should participate in the Offers. [ ] Per EUR1,000 or GBP1,000 principal amount, as applicable. [++] Per EUR1,000 or GBP1,000 principal amount, as applicable, for the purposes of illustration only. This information is provided by RNS The company news service from the London Stock Exchange END TENBXGDRCXGBGDC

Stock News for Lloyds Tsb (LYG)
DateTimeHeadline
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