Lloyds TSB Bank sets pricing in tender for dollar-denominated notes

By Jennifer Chiou

New York, July 6 - Lloyds TSB Bank plc announced pricing terms in its tender offer for any and all of several series of dollar-denominated notes.

For each $1,000 principal amount, the purchase prices for the notes are the following:

• $2 billion of floating-rate notes due January 2014 with a purchase price of $1,005.50 plus $6.02 of accrued interest;

• $2.25 billion of 4.375% senior notes due January 2015 with a purchase price of $1,032.53 plus $21.63 of accrued interest;

• $2.25 billion of 4.875% senior notes due January 2016 with a purchase price of $1,053.98 plus $22.89 of accrued interest;

• $2.75 billion of 5.8% senior notes due January 2020 with a purchase price of $1,074.74 plus $28.52 of accrued interest; and

• $2.5 billion of 6.375% senior notes due January 2021 with a purchase price of $1,142.17 plus $29.93 of accrued interest.

The offer, which started on June 28, was set to end at 11 a.m. ET on July 6. Settlement is set for July 10.

Lucid Issuer Services Ltd. is the tender agent (44 20 7704 0880 or lbg@lucid-is.com).

Deutsche Bank AG, London Branch (44 20 7545 8011 or liability.management@db.com) and Lloyds TSB Bank plc (44 20 7158 3981 or liability.management@lloydsbanking.com) are the dealer managers.

The retail bank is based in London and Edinburgh.

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