REG - HBOS PLC - Notice of Capital Redemption Price

Lloyds BankingAnnouncement

01/02/2022 14:10

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RNS Number : 3478A  HBOS PLC  01 February 2022

HBOS PLC

Notice of Capital Redemption Price

1 February 2022

 

HBOS PLC

(the "Issuer")

(LEI: 213800RS21X7UUH5QU25)

NOTICE OF CAPITAL REDEMPTION PRICE

to the holders of its

£245,000,000 7.881 per cent. Subordinated Extendable Maturity Notes due 2048

(ISIN: XS0105254626), of which £245,000,000 in principal amount is
outstanding and held by HBOS Sterling Finance (Jersey) L.P. (the "Notes")

Following the publication by the Issuer on 4 January 2022 of a notice
announcing that it has elected to redeem the outstanding Notes in full on 4
February 2022 (the "Redemption Date") in accordance with Condition 5(d) of the
Notes and the trust deed dated 9 December 1999 between Halifax Group plc and
The Law Debenture Trust Corporation p.l.c. (the "Trustee"), as amended by a
supplemental trust deed dated 1 July 2002 between the Issuer, Halifax Group
plc and the Trustee constituting the Notes (the "Trust Deed"), NOTICE IS
HEREBY GIVEN by the Issuer to the holders of the Notes of the Capital
Redemption Price.

In accordance with the terms of the Notes, Citibank, N.A. in its capacity as
Calculation Agent has today determined that the Capital Redemption Price in
respect of each Note is 157.560%.

Each Note will be redeemed on the Redemption Date at the Capital Redemption
Price including an accrued interest payment of 1.204% in respect of each Note
and all Arrears of Interest (if any) thereon.

Unless otherwise defined herein, defined terms used herein have the meaning
given to them in the Trust Deed.

 

FURTHER INFORMATION

This announcement contains inside information in relation to the Notes and is
disclosed in accordance with the Market Abuse Regulation (EU) 596/2014 as it
forms part of UK domestic law by virtue of the European Union (Withdrawal) Act
2018 ("UK MAR"). For the purposes of UK MAR and Article 2 of the binding
technical standards published by the Financial Conduct Authority in relation
to UK MAR as regards Commission Implementing Regulation (EU) 2016/1055, this
announcement is made by Douglas Radcliffe, Group Investor Relations Director.

 

For further information, please contact:

Group Corporate Treasury:

Liz Padley

Head of Capital Structuring, Holding Company and Resolution

Telephone: +44 (0)20 7158 1737

Email: Claire-Elizabeth.Padley@LloydsBanking.com
(mailto:Claire-Elizabeth.Padley@LloydsBanking.com)

Investor Relations:

Douglas Radcliffe

Group Investor Relations Director

Telephone: +44 (0)20 7356 1571

Email: Douglas.Radcliffe@LloydsBanking.com
(mailto:Douglas.Radcliffe@LloydsBanking.com)

Corporate Affairs:

Matthew Smith

Head of Media Relations

Tel: +44 (0)20 7356 3522

Email: matt.smith@lloydsbanking.com (mailto:matt.smith@lloydsbanking.com)

 

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