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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 | |
---|---|---|---|---|---|---|---|---|---|---|
0.36 | 0.67% | 54.30 | 54.24 | 54.28 | 54.48 | 54.00 | 54.28 | 87,843,033 | 16:35:19 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Commercial Banks, Nec | 23.74B | 5.46B | 0.0859 | 6.32 | 34.49B |
TIDM94WP TIDMLLOY
RNS Number : 0524J
Lloyds Bank PLC
07 April 2020
April 7, 2020
Lloyds Bank plc - RESULTS OF TENDER OFFER FOR ANY AND ALL OF ITS 12.00% FIXED-TO-FLOATING RATE PERPETUAL CAPITAL SECURITIES
Lloyds Bank plc (the "Offeror") is today announcing the final results of its previously announced cash tender offer (the "Offer") for any and all of its 12.00% Fixed-to-Floating Rate Perpetual Capital Securities (the "Notes"). The Offer was made on the terms and subject to the conditions set out in the Offer to Purchase dated March 31, 2020 (the "Offer to Purchase") and the related notice of guaranteed delivery.
Capitalized 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by the Tender Agent, $137,432,000 in aggregate principal amount of the Notes were validly tendered and not validly withdrawn by 5:00 p.m., New York City time, on April 6, 2020 (the "Expiration Deadline"), as more fully set forth below. The Offeror has accepted all Notes that were validly tendered and not validly withdrawn prior to the Expiration Deadline.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 April 9, 2020.
The table below sets forth, among other things, the principal amount of Notes validly tendered and not validly withdrawn at or prior to the Expiration Deadline:
Aggregate Principal Amount Tendered Aggregate Excluding Principal Purchase Notes Tendered Amount Tendered Price Per Principal Using Guaranteed Using Guaranteed $1,000 Principal Amount Delivery Delivery Amount of Notes ISIN/CUSIP Outstanding(1) Procedures Procedures Notes ------------------------- ----------------- ---------------- ---------------- ----------------- ----------------- 12.00% Fixed-to-Floating Rate Perpetual XS0474660676 Capital Securities and US539473AE82 $2,000,000,000 $137,432,000 $0 $1,090 539473AE8
________________
(1) As of the commencement date of the Offer.
FURTHER INFORMATION
Lucid Issuer Services Limited acted as tender agent for the Offer. Goldman Sachs International and Lloyds Securities Inc. acted as Dealer Managers. Questions regarding the Offer should be directed to Goldman Sachs International at +44 20 7552 6157 or Lloyds Securities Inc. at +1 (212) 284-0411.
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.
END
TENDZGGDLNGGGZG
(END) Dow Jones Newswires
April 07, 2020 05:43 ET (09:43 GMT)
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