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.
==========================================================================
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
TENFIMMTMBIMBPI
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