REG - Lloyds Bank Plc Lloyds Banking Group - Notice to the Series 2021-1 Covered Bondholders

Lloyds BankingAnnouncement

Thu 14:30

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RNS Number : 4571T  Lloyds Bank PLC  31 July 2025

NOTICE TO COVERED BONDHOLDERS

 

Lloyds Bank PLC (the Issuer)

 

£1,750,000,000 Series 2021-1 Floating Rate Covered Bonds due August 2026

(ISIN: XS2367214694; Common Code: 236721469)

 

issued by the Issuer (together, the Series 2021-1 Covered Bonds and the
holders thereof the Covered Bondholders) constituted by a Trust Deed dated 20
October 2008 (as the same may be amended or supplemented from time to time)
between the Issuer, Lloyds Bank Covered Bonds LLP, BNY Mellon Corporate
Trustee Services Limited and The Bank of New York Mellon, acting through its
London Branch, and issued under the €60 billion Global Covered Bond
Programme irrevocably and unconditionally guaranteed as to payment of
principal and interest by Lloyds Bank Covered Bonds LLP (the Programme)

 

Publication of Amended Final Terms

 

Terms used and not defined herein shall have the same meanings given thereto
in the Prospectus issued by the above named Issuer and dated 2 July 2021 and
the supplemental prospectus dated 30 July 2021.

The following amendments (as approved by the Series 2021-1 Covered Bondholders
on 31 July 2025, by way of Written Resolution) are made to the Conditions set
out in the Final Terms dated 6 August 2021, as amended and restated on 31 July
2025 in respect of the Series 2021-1 Covered Bonds under the Programme:

1.         Part A - Contractual Terms, Item 8(i) (Final Maturity Date)
is amended to "Interest Payment Date falling in or nearest to 8 August 2030";

2.         Part A - Contractual Terms, Item 8(ii) (Extended Due for
Payment Date of Guaranteed Amounts corresponding to the Final Redemption
Amount under the Covered Bond Guarantee) is amended to "Interest Payment Date
falling in or nearest to 8 August 2031";

3.         Part A - Contractual Terms, Item 9 (Interest Basis) is
amended to "From and including the Issue Date to but excluding the Specified
Interest Payment Date on 8 August 2025, SONIA +0.25 per cent. Floating Rate

From and including the Specified Interest Payment Date on 8 August 2025, SONIA
+0.53 per cent. Floating Rate";

4.         Part A - Contractual Terms, Item 16(vi) (Screen Rate
Determination - Reference Rate) for the Series 2021-1 Covered Bonds shall be
"From and including the Issue Date to but excluding the Specified Interest
Payment Date on 8 August 2025, SONIA +0.25 per cent. Floating Rate

From and including the Specified Interest Payment Date on 8 August 2025, SONIA
+0.53 per cent. Floating Rate"; and

5.         Part A - Contractual Terms, Item 16(ix) (Margin) is amended
to "From and including the Issue Date to but excluding the Specified Interest
Payment Date on 8 August 2025, +0.25 per cent. per annum

From and including the Specified Interest Payment Date on 8 August 2025, +0.53
per cent. per annum".

 

These changes were effective 31 July 2025.

To view the amended Final Terms, please paste the following URL into the
address bar of your browser:

http://www.rns-pdf.londonstockexchange.com/rns/4571T_1-2025-7-31.pdf
(http://www.rns-pdf.londonstockexchange.com/rns/4571T_1-2025-7-31.pdf)

 

For further information, please contact:

 

 Investor Relations

 Douglas Radcliffe                                                           +44 (0) 20 7356 1571

 Group Investor Relations Director

 Email: douglas.radcliffe@lloydsbanking.com
 (mailto:douglas.radcliffe@lloydsbanking.com)

 Group Corporate Affairs

 Matt Smith                                                                  +44 (0) 7788 352 487

 Head of Media Relations

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

 Group Corporate Treasury

 Kristofer Middleton                                                         +44 (0) 20 7356 1122

 Head of Term Issuance and Capital Structuring

 Email: Kristofer.Middleton@lloydsbanking.com
 (mailto:Kristofer.Middleton@lloydsbanking.com)

Lloyds Bank plc

Registered Office

25 Gresham Street

London EC2V 7HN

 

Disclaimer - Intended Addressees

 

Please note that the information contained in this announcement and the Series
2021-1 Final Terms may be addressed to and/or targeted at persons who are
residents of particular countries (specified in the Prospectus) only and is
not intended for use and should not be relied upon by any person outside these
countries and/or to whom this announcement and the Series 2021-1 Final Terms
are not addressed. Prior to relying on the information contained in this
announcement and the Series 2021-1 Final Terms you must ascertain from the
Prospectus whether or not you are one of the intended addressees of the
information contained in this announcement and the Series 2021-1 Final Terms.

 

In particular, this announcement and the Series 2021-1 Final Terms do not
constitute an offer or invitation to subscribe for, or purchase, securities in
the United States or in any other jurisdiction where such an offer or
invitation would be unlawful. This announcement and the Series 2021-1 Final
Terms are not for distribution in the United States or to U.S. persons (as
defined below) other than to qualified institutional buyers within the meaning
of and in reliance on Rule 144A of the U.S. Securities Act of 1933, as amended
(the Securities Act). The securities described herein have not been, and will
not be, registered under the Securities Act or under any relevant securities
laws of any state of the United States of America and are subject to U.S. tax
law requirements. The securities may not be offered or sold within the United
States or to, or for the account or benefit of, U.S. persons or to persons
within the United States of America (as such terms are defined in Regulation S
under the Securities Act) except pursuant to registration or an exemption from
the registration requirements of the Securities Act. There will be no public
offering of the securities in the United States.  For a description of the
restrictions on offers and sales of the securities described herein, please
refer to the Series 2021-1 Final Terms and the Prospectus.

 

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