By Susanna Moon
Chicago, March 28 - Lloyds TSB Bank plc priced another $10 million of senior fixed-to-floored floating notes due April 13, 2015, according to a 424B5 filing with the Securities and Exchange Commission.
This brings the total deal size to $25 million. The issuer priced $5 million on March 21 and another $10 million on March 22.
The coupon will be 3% for the first year. After that, interest will be Libor plus 150 basis points, with a minimum rate of 2.25%. Interest is payable quarterly.
The payout at maturity will be par.
Barclays Capital Inc. is the agent.
| Issuer: | Lloyds TSB Bank plc
|
| Guarantor: | Lloyds Banking Group plc
|
| Issue: | Senior fixed-to-floored floating notes
|
| Amount: | $25 million (upsized from original $5 million)
|
| Maturity: | April 13, 2015
|
| Coupon: | 3% initially; beginning April 13, 2013, Libor plus 150 basis points, floor of 2.25%; payable quarterly
|
| Price: | Variable
|
| Payout at maturity: | Par
|
| Pricing date: | March 21 for $5 million; March 22 for $10 million; March 28 for $10 million
|
| Settlement date: | April 13
|
| Agent: | Barclays Capital Inc.
|
| Fees: | 1.25%
|
| Cusip: | 5394E8AM1
|
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