E-mail us: service@prospectnews.com Or call: 212 374 2800
Bank Loans - CLOs - Convertibles - Distressed Debt - Emerging Markets
Green Finance - High Yield - Investment Grade - Liability Management
Preferreds - Private Placements - Structured Products
 
Add to balance / Manage account  User:  Log out
Prospect News home > News index > List of issuers L > Headlines for Lloyds Banking Group plc > News item
Published on 2/1/2022 in the Prospect News Liability Management Daily.

HBOS publishes redemption price for £245 million 7.881% notes due 2048

By Rebecca Melvin

Concord, N.H., Feb. 1 – HBOS plc published the redemption price for the £245 million outstanding of 7.881% subordinated extendable notes due 2048 (ISIN: XS0105254626), according to an announcement Tuesday.

The securities will be redeemed at 157.56 per note plus 1.204% accrued interest on Feb. 4.

Citigroup NA was the calculation agent for the redemption, which was initiated on Jan. 4.

HBOS Sterling Finance (Jersey) LP, a subsidiary of HBOS, is holder of the notes.

The U.K.-based banking and insurance company is a wholly owned subsidiary of Lloyds Banking Group plc.


© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.