Last checked at 10 Jul 2023 10:49
Lloyds Banking Group plc
Redemption of €750,000,000 Dated Subordinated Fixed Rate Reset Callable Notes due 2028 (ISIN: XS1788982996)
July 10, 2023. Lloyds Banking Group plc (the "Group") announces that it has issued a notice of redemption for the entire outstanding principal amount of its €750,000,000 Dated Subordinated Fixed Rate Reset Callable Notes due 2028 (the "Notes"). A notice of redemption pursuant to the conditions of the Notes (as amended and supplemented by the Global Certificate representing the Notes) has been distributed to Citibank N.A., acting through its London Branch, as Paying Agent (the "Paying Agent") and Law Debenture Trust Corporation p.l.c. as Trustee ("the "Trustee").
The outstanding Notes will be redeemed on September 7, 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 London Stock Exchange will be cancelled on, or shortly after, September 7, 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 PadleyNon Bank Entities Treasurer and Head of Capital and Recovery and ResolutionTelephone: +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