Lloyds Grp6.475 Discussion Threads

[pvb] 17/7/2024 10:00

...Ah, OK.

No longer a holder, but still interested in their fate. Now we have the final answer.
My figures for the XIRR on my main holding of these are interesting.

I tendered mine on 15/12/21 : 14.06%
If I held to this redemption: 11.71%

So, no loss there. But whether I invested the proceedings wisely is another matter. :-)

[alphorn] 17/7/2024 09:42

As expected. Thx.

[cwa1] 17/7/2024 09:35

No surprise there then:-

[glavey] 24/4/2024 13:00

Not August, redeemable mid-Sept.

[cerrito] 24/4/2024 12:25

I would not expect to see any reference on a quarterly TS any reference to these prefs.
As a holder I bought these on the basis that we will say goodbye to them in August.

[alphorn] 24/4/2024 12:13

Not seen anything about the Prefs today.

[alphorn] 22/4/2024 11:44

May hear something with the Quarterly update this Wednesday?

[alphorn] 11/3/2024 14:30

Dividend payment this week - no news of any call for next dividend.

[alphorn] 03/11/2023 15:44

Anybody know off-hand how long a notice Lloyd's have to give to exercise a call for next September?

[pvb] 21/9/2023 09:57

...Still above par, too. (I no longer hold this)

[alphorn] 18/8/2023 08:49

Gone XD yesterday. Into the last year before redemption? Who knows.

[cerrito] 01/8/2023 09:43

I am going on the basis that they will be called and have always done so. My understanding, which may be wrong, is that they do not count as regulatory capital.

[alphorn] 01/8/2023 09:31

It must be marginal IMO whether these Prefs will be called.

[alphorn] 11/7/2023 13:23

Just as a reminder:

They (LLPE) are redeemable on 15/9/24, or any fifth anniversary of this date, for £1 each. They can`t skip the dividend if they have enough distributable profits to pay it.

[alphorn] 17/2/2023 16:43

XD was yesterday. Just rumbles along with a 6.41% yield.

As a reminder they have an upcoming call. They are redeemable on 15/9/24, or any fifth anniversary of this date, for £1 each. They can`t skip the dividend if they enough distributable profits to pay it.

[pvb] 26/9/2022 09:50

ammons 16 Sep '22 - 15:05 - 357 of 359

Please forgive my ignorance Alphorn but how do I find out if the coupons are actually being paid and, if so, when?

Why should they not be? If I remember correctly, they are paid 15 March and 15 September.

[ammons] 16/9/2022 14:17

Thank you. I will do that.

[alphorn] 16/9/2022 14:10

Have a look on the hl site. Search on LLPE hl.

Scroll down:

[ammons] 16/9/2022 14:05

Please forgive my ignorance Alphorn but how do I find out if the coupons are actually being paid and, if so, when?

[alphorn] 16/9/2022 13:27

Close to the callable £1 now.
They are irredeemable but most likely will be called. My search in #353 had 15/09/24 as the date but found 15/03/24 on another site today. So a little while to run in any event.

[pvb] 07/3/2022 22:39

Should have stayed invested here!

Oh well... :-)

[alphorn] 01/3/2022 11:43

They have an upcoming call.

They are redeemable on 15/9/24, or any fifth anniversary of this date, for £1 each. They can`t skip the dividend if they enough distributable profits to pay it.

[4spiel] 01/3/2022 11:39

If oddly they were not redeemed what are they really worth if % rates went to 4%? 80p?