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Name | Symbol | Market | Type |
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Hbos 5.75% Nts | LSE:68FF | London | Bond |
Price Change | % Change | Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Traded | Last Trade | |
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0.00 | 0.00% | 0 | - |
TIDM68FF
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
GBP245,000,000 7.881 per cent. Subordinated Extendable Maturity Notes due 2048
(ISIN: XS0105254626), of which GBP245,000,000 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
Investor Relations :
Douglas Radcliffe
Group Investor Relations Director
Telephone: +44 (0)20 7356 1571
Email: Douglas.Radcliffe@LloydsBanking.com
Corporate Affairs:
Matthew Smith
Head of Media Relations
Tel: +44 (0)20 7356 3522
Email: matt.smith@lloydsbanking.com
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 or visit www.rns.com.
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END
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(END) Dow Jones Newswires
February 01, 2022 08:09 ET (13:09 GMT)
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