| Add to balance / Manage account | User: | Log out |
| Prospect News home > News index > List of issuers L > Headlines for Lloyds TSB Bank plc > News item |
Lloyds Bank to redeem £134.42 million perpetuals on Feb. 3
By Mary-Katherine Stinson
Lexington, Ky., Jan. 31 – Lloyds Bank plc announced it will redeem all outstanding £134,417,000 of its 13% step-up perpetual capital securities (ISIN: XS0408620721) at the make-whole redemption price of 138.5528 on Feb. 3, according to a notice.
In addition, there will be an accrued coupon payment of 0.4630% per security and a deferred coupon payment of 26% per security to be paid in cash.
Originally £700,022,000 securities were issued.
Law Debenture Trust Corp. plc is the trustee.
UBS AG London Branch is the agent bank.
The issuer of the securities was formerly Lloyds TSB Bank plc. Based in London, Lloyds is a British retail and commercial bank with Lloyds Banking Group as a parent organization.
© 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.