REG - Lloyds Banking Group - Notice of Redemption

Lloyds BankingAnnouncement

28/04/2023 09:15

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20230428:nRSb8651Xa&default-theme=true

RNS Number : 8651X  Lloyds Banking Group PLC  28 April 2023

Redemption of 7.625% Fixed Rate Reset Additional Tier 1 Perpetual Subordinated
Contingent Convertible Securities

 

Lloyds Banking Group plc

 

$1,494,392,000 7.625% Fixed Rate Reset Additional Tier 1 Perpetual
Subordinated Contingent Convertible Securities, of which £135,301,000 in
principal amount is outstanding

(ISIN: XS1043552188)

 

 

April 28, 2023. Lloyds Banking Group plc (the "Group") announces that it has
issued a notice of redemption for the entire outstanding principal amount of
its 7.625% Fixed Rate Reset Additional Tier 1 Perpetual Subordinated
Contingent Convertible Securities (the "Notes"). A notice of redemption
pursuant to Condition 17 of the Notes (as amended and supplemented by the
Global Certificate representing the Notes) has been distributed to The Bank of
New York Mellon, acting through its London Branch, as Trustee (the
"Trustee").

 

The outstanding Notes will be redeemed on June 27, 2023 (the "Redemption
Date") at an amount equal to 100% of their principal amount, together with any
accrued but unpaid interest to, but excluding, the Redemption Date (the
"Redemption Price"). Accordingly, the listing of the Notes on the Dublin Stock
Exchange will be cancelled on, or shortly after, June 27, 2023.

 

On the Redemption Date, the Redemption Price will become due and payable and
interest on the Notes will cease to accrue. Before the Redemption Date, the
Group will irrevocably deposit with the Trustee or with a Paying Agent an
amount of money sufficient to pay the total Redemption Price of each of the
Notes. When the Group makes such a deposit, all rights of the holders of the
Notes will cease, except the holders' rights to receive the Redemption Price
and the Notes will no longer be outstanding.

 

For further information in relation to the redemption of the Notes, please
contact:

 

Group Corporate Treasury:

Liz Padley

Non Bank Entities Treasurer and Head of Capital and Recovery and Resolution

Telephone: +44 (0)7385 032858

 

Peter Green

Head of Senior Funding & Covered Bonds, Debt IR and Rating Agency
Management

Telephone: +44 (0)7385 032953

 

Pascale Dorey

Debt Investor Relations

Telephone: +44 (0)7384 240296

 

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  ISEUWVBROWUSURR