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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Lloyds Banking Group Plc | LSE:LLOY | London | Ordinary Share | GB0008706128 | ORD 10P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.14 | 0.27% | 51.28 | 51.24 | 51.26 | 51.62 | 50.88 | 51.38 | 64,046,519 | 15:49:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Commercial Banks, Nec | 23.74B | 5.46B | 0.0859 | 5.96 | 32.53B |
TIDMLLOY TIDM94WP
RNS Number : 7240I
Lloyds Banking Group PLC
21 June 2017
21 June 2017
Lloyds Bank plc - RESULTS OF TENDER OFFER FOR CERTAIN OF ITS OUTSTANDING USD NOTES
Lloyds Bank plc ("Lloyds Bank" or the "Offeror") is today announcing the final results of its previously announced cash tender offer (the "Offer") for any and all of certain series of outstanding U.S. dollar denominated notes issued by Lloyds Bank plc and guaranteed by Lloyds Banking Group plc (the "Notes"). The Offer was made on the terms and subject to the conditions set out in the Offer to Purchase dated 12 June 2017 (the "Offer to Purchase") and the related notice of guaranteed delivery.
Capitalised terms not otherwise defined in this announcement have the same meaning as in the Offer to Purchase.
Based on information provided by the Tender Agent, $257,235,000 in aggregate principal amount of the Notes listed in the table below were validly tendered and not validly withdrawn by 5:00 p.m., New York City time, on 20 June 2017 (the "Expiration Deadline"), as more fully set forth below. The Offeror has accepted all Notes that were validly tendered and not validly withdrawn prior to the Expiration Deadline. The Settlement Date is expected to be 23 June 2017. In addition, $1,175,000 in aggregate principal amount of the Notes were tendered using the guaranteed delivery procedures.
The table below sets forth, among other things, the principal amount of each series of Notes validly tendered and not validly withdrawn at or prior to the Expiration Deadline:
Aggregate Principal Amount Aggregate Tendered Principal Purchase Excluding Amount Price Per Notes Tendered Tendered $1,000 Principal Using Guaranteed Using Guaranteed Principal Amount Delivery Delivery Amount Notes ISIN/CUSIP Outstanding Procedures Procedures of Notes -------------- ------------- ------------ ----------------- ----------------- ---------- 2.350% Senior Notes due 2019 (Series 1) US53944VAB53 $466,152,000 $112,051,000 $1,175,000 $1,008.34 53944VAB5 2.400% Senior Notes due 2020 (Series 2) US53944VAE92 $466,899,000 $70,425,000 $0 $1,009.03 53944VAE9 3.500% Senior Notes due 2025 (Series 3) US53944VAH24 $515,222,000 $74,759,000 $0 $1,043.90 53944VAH2
FURTHER INFORMATION
Lucid Issuer Services Limited acted as tender agent for the Offer. Lloyds Securities Inc. acted as Dealer Manager. Questions regarding the Offer should be directed to Lloyds Securities Inc. at +1 (855) 400-6511 (U.S. Toll-Free) or +1 (212) 827-3105 (U.S. Collect).
CONCURRENT NON-U.S. OFFER
On 12 June 2017, the Offeror also launched a capped tender offer (the "Non-U.S. Offer") in respect of certain of Lloyds Bank's outstanding euro and pound sterling denominated debt securities. This announcement does not relate to the Non-U.S. Offer.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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June 21, 2017 05:20 ET (09:20 GMT)
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