Register
Login:
Share:
Email Facebook Twitter





LLOY Share Chat - RSS Feed

Lloyds Banking Group Share Chat (LLOY)



Share Price: 79.39Bid: 79.37Ask: 79.39Change: 1.11 (+1.42%)Riser - Lloyds Grp.
Spread: 0.02Spread as %: 0.03%Open: 78.42High: 80.42Low: 78.21Yesterday’s Close: 78.28


Share Discussion for Lloyds Grp. (LLOY)


Thread ViewThread View
Please Login or Register to post messages
Posts per page:


Mcfirth
Posts: 3,836
Premium Chat Member
Off Topic
Opinion:Strong Buy
Price:78.42
View Thread (2)
RE: wonder why/end tax year ?
Today 08:16
Well they would have made considerably more if they had sold them today !
 
MY21
Posts: 7,246
Off Topic
Opinion:No Opinion
Price:78.28
FT
Today 07:24
Lloyds Banking Group: words and bonds:

Lloyds Banking Group has angered its bondholders with a plan to redeem at par £700 million of so-called enhanced capital notes it issued as part of its 2009 recapitalisation following its disastrous acquisition of HBOS. Bondholders are angry because the notes, with coupons of between 6.4 and 16.1%, have been a boon while rates are low. They are also upset by Lloyds’ reading of the terms. The bank says it can call the notes at par if there is a “capital disqualification event” — for example if they “cease to be taken into account” in its core tier one ratio. Roll forward to last year’s tests by the Prudential Regulation Authority, the FSA’s successor, and capital metrics and definitions have changed. Its stress hurdle rate was a common equity tier one (not the same as core tier one) capital ratio of 4.5%. Lloyds passed, with a ratio of 5% — without the ECNs. They were not disqualified, just not needed. Yet it is hard to avoid the impression that the bank is using the tests (and the PRA’s blessing to call the notes) to justify redeeming costly debt. BNY Mellon, trustee for the notes, wisely wants a declaratory judgment on the ECN terms from the court. Lloyds, with £12 billion already set aside for payment protection insurance claims, can ill-afford reputational self-harm.





Sign up for Live Prices


Home  |  Contact Us  |  About Us  |  Careers  |  Advertise with Us  |  Sitemap  |  Terms & Conditions  |  Cookies  |  Privacy


Datafeed and UK data supplied by NBTrader and Digital Look. While London South East do their best to maintain the high quality of the information displayed on this site,
we cannot be held responsible for any loss due to incorrect information found here. All information is provided free of charge, 'as-is', and you use it at your own risk.
The contents of all 'Chat' messages should not be construed as advice and represent the opinions of the authors, not those of London South East Limited, or its affiliates.
London South East does not authorise or approve this content, and reserves the right to remove items at its discretion.