PAYMENT OF ACCUMULATED INTEREST ON UT2 SECURITIES
19 January 2012
PAYMENT OF ACCUMULATED INTEREST ON UPPER TIER TWO HYBRID CAPITAL SECURITIES ISSUED BY LLOYDS BANKING GROUP COMPANIES
Since 31 January 2010, the Group has been prohibited under the terms of an agreement with the European Commission from paying discretionary coupons and dividends on hybrid capital securities issued by the Company and certain of its subsidiaries. This prohibition ends on 31 January 2012.
The Group now confirms that it intends to pay on the upper tier two securities set out below which have cumulative deferrable coupon terms the relevant amount of Arrears of Interest (as defined therein).
|
ISIN |
Issuer |
Security
|
|
XS0083932144 |
Bank of Scotland plc |
7.375% Subordinated Undated Instruments
|
|
GB0000395102 |
Bank of Scotland plc |
8.750% Perpetual Subordinated Bonds
|
|
GB0000395094 |
Bank of Scotland plc |
12.00% Perpetual Subordinated Bonds
|
|
GB0005242879 |
Bank of Scotland plc |
9.375% Perpetual Subordinated Bonds
|
|
GB0000765403 |
Bank of Scotland plc |
Undated Floating Rate Primary Capital Notes
|
|
XS0046690961 |
Bank of Scotland plc |
8.625% Perpetual Subordinated Notes
|
|
XS0059171230 |
Bank of Scotland plc |
10.25% Subordinated Undated Instruments
|
|
GB0000394915 |
Bank of Scotland plc |
13.625% Perpetual Subordinated Bonds
|
|
XS0063730203 |
Bank of Scotland plc |
Subordinated Undated Instruments due 2016
|
|
XS0188201536 |
HBOS plc |
4.875% Undated Subordinated Fixed to Floating Rate Instruments
|
|
XS0188201619 |
HBOS plc |
Floating Rate Undated Subordinated Instruments
|
|
US4041A3AF96 / US4041A2AG96 |
HBOS plc |
5.375% Undated Fixed to Floating Rate Subordinated Notes
|
|
XS0177955381 |
HBOS plc |
5.125% Undated Subordinated Fixed to Floating Rate Notes
|
|
XS0205326290 |
HBOS plc |
5.625% Cumulative Callable Fixed to Floating Rate Undated Subordinated Notes
|
|
XS0145407507 |
Lloyds Banking Group plc
|
6.00% Undated Subordinated Guaranteed Bonds |
|
GB0005224307 |
Lloyds TSB Bank plc |
Primary Capital Undated Floating Rate Notes (Series 1)
|
|
XS0099508698 |
Lloyds TSB Bank plc |
4.648% Undated Subordinated Step-up Notes
|
|
XS0099507534 |
Lloyds TSB Bank plc |
6.50% Undated Subordinated Step-up Notes
|
|
XS0099507963 |
Lloyds TSB Bank plc |
6.50% Undated Subordinated Step-up Notes
|
|
XS0079927850 |
Lloyds TSB Bank plc |
8% Undated Subordinated Step-up Notes
|
|
GB0005232391 |
Lloyds TSB Bank plc |
Primary Capital Undated Floating Rate Notes (Series 3) |
|
GB0005205751 |
Lloyds TSB Bank plc |
Primary Capital Undated Floating Rate Notes (Series 2) |
|
XS0169667119 |
Lloyds TSB Bank plc |
5.125% Upper Tier 2 Callable Perpetual Subordinated Notes
|
|
XS0056390007 |
Lloyds TSB Bank plc |
5.57% Undated Subordinated Step Up Coupon Notes 2015
|
Such amounts will be calculated in accordance with the terms of such securities and will be paid on 9 February 2012 subject to, and in accordance with, the terms of those securities.
Contacts
For further information, please contact:
Nicole Sharp
Group Communications
Tel: +44 20 7369 2120
Email: nicole.sharp@lloydsbanking.com
Investor Relations:
Frederik Verpoest
Director of Investor Relations
Tel: +44 (0) 20 7356 2385
Email: frederik.verpoest@ltsb-finance.co.uk
Intended addressees
This announcement does not constitute a prospectus or prospectus equivalent document.
Neither the content of Lloyds Banking Group's website nor any website accessible by hyperlinks on Lloyds Banking Group's website is incorporated in, or forms part of, this announcement.
This announcement has been prepared for the purposes of complying with applicable law and regulation in the UK and the information disclosed may not be the same as that which would have been disclosed if this announcement had been prepared in accordance with the laws and regulations of any jurisdiction outside of the UK.
FORWARD LOOKING STATEMENTS
This announcement contains forward looking statements with respect to the business, strategy and plans of the Lloyds Banking Group, its current goals and expectations relating to its future financial condition and performance. Statements that are not historical facts, including statements about the Group or the Group's management's beliefs and expectations, are forward looking statements. By their nature, forward looking statements involve risk and uncertainty because they relate to events and depend on circumstances that will occur in the future. The Group's actual future business, strategy, plans and/or results may differ materially from those expressed or implied in these forward looking statements as a result of a variety of risks, uncertainties and other factors, including, without limitation, UK domestic and global economic and business conditions; the ability to derive cost savings and other benefits, as well as the ability to integrate successfully the acquisition of HBOS; the ability to access sufficient funding to meet the Group's liquidity needs; changes to the Group's credit ratings; risks concerning borrower or counterparty credit quality; instability in the global financial markets; changing demographic and market related trends; changes in customer preferences; changes to regulation, accounting standards or taxation, including changes to regulatory capital or liquidity requirements; the policies and actions of Governmental or regulatory authorities in the UK, the European Union, or jurisdictions outside the UK, including other European countries and the US; the ability to attract and retain senior management and other employees; requirements or limitations imposed on the Group as a result of HM Treasury's investment in the Group; the ability to complete satisfactorily the disposal of certain assets as part of the Group's EU State Aid obligations; the extent of any future impairment charges or write-downs caused by depressed asset valuations; exposure to regulatory scrutiny, legal proceedings or complaints, actions of competitors and other factors. Please refer to the latest Annual Report on Form 20-F filed with the US Securities and Exchange Commission for a discussion of such factors together with examples of forward looking statements. The forward looking statements contained in this announcement are made as at the date of this announcement, and the Group undertakes no obligation to update any of its forward looking statements.
This information is provided by RNS
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