Issue of Debt

LV=

27 April 2026

 

THIS ANNOUNCEMENT RELATES TO THE DISCLOSURE OF INFORMATION THAT QUALIFIED OR MAY HAVE QUALIFIED AS INSIDE INFORMATION FOR THE PURPOSES OF ARTICLE 7(1) OF THE MARKET ABUSE REGULATION (EU) 596/2014 AS IT FORMS PART OF UK DOMESTIC LAW BY VIRTUE OF THE EUROPEAN UNION (WITHDRAWAL) ACT 2018, AS AMENDED (THE "UK MARKET ABUSE REGULATION").

LV BONDS PLC
LEI: 213800Q3EZSYWUQ1UM74
27 April 2026

LV Bonds Plc - Launch of offering of subordinated notes and intention to redeem outstanding £350,000,000 6.50 per cent. Fixed Rate Reset Subordinated Notes guaranteed by Liverpool Victoria Financial Services Limited, callable 2023 due 2043 (the "Existing Notes")
(ISIN: XS0935312057)

LV Bonds Plc (the "Issuer") today announces the launch of its offering of fixed rate subordinated notes, unconditionally guaranteed by Liverpool Victoria Financial Services Limited (the "Proposed Issuance"). Completion of the Proposed Issuance remains subject to, amongst other things, market conditions (the "Proposed Issuance").

In connection with the Proposed Issuance, the Issuer announces its intention to redeem the Existing Notes in full (of which £200,002,000 in aggregate nominal amount is currently outstanding) (the "Proposed Redemption"). Should it proceed, the Proposed Redemption will be completed in accordance with Condition 7(d) (Redemption at the option of the Issuer) of the terms and conditions of the Existing Notes (the "Conditions") and, to the extent required, funded by the proceeds of the Proposed Issuance.

The Proposed Redemption is intended to take place on 22 May 2026 (the "Proposed Redemption Date"), being the next contractual redemption date, but remains subject to the Issuer being able to comply with the Regulatory Clearance Condition (as defined in the Conditions) by receiving consent or non-objection from the Bank of England's Prudential Regulatory Authority.  Should such consent or non-objection be received, the Issuer intends to share a notice to holders of the Existing Notes via the relevant clearing systems in accordance with the Conditions. 

For more information, visit: https://www.lv.com/about-us/company-information/returns.

END.

For further information, please contact:

[e-mail]

About LV=

·      LV= is one of the UK's leading life and pensions mutual insurers, serving over one million members and customers. As an investment, protection and retirement specialist, LV= offers a range of products, services and advice to help members and customers protect their income while they're working and maximise it when they stop.

·      With effect from 18 December 2023, LV Bonds plc, a wholly-owned subsidiary of Liverpool Victoria Financial Services Limited was substituted in place of Liverpool Victoria Financial Services Limited as the principal debtor in respect of the Existing Notes, and Liverpool Victoria Financial Services Limited provided a guarantee in respect of the Existing Notes concurrently.

·      LV= and Liverpool Victoria are registered trademarks of Liverpool Victoria Financial Services Limited and LV= and LV= Liverpool Victoria are trading styles of the LV= group of companies. Liverpool Victoria Financial Services Limited, registered in England with registration number 12383237 is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority, register number 110035. Registered address: County Gates, Bournemouth, Dorset BH1 2NF.

 

END