9th Jul 2012 10:54
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN OR INTO, OR TO ANY PERSON RESIDENT AND/OR LOCATED IN, ANY JURISDICTION WHERE SUCH RELEASE, PUBLICATION OR DISTRIBUTION IS UNLAWFUL
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July 9, 2012
Lloyds TSB Bank plc cash tender offer on certain U.S. Dollar Securities: announcement of final results
On June 28, 2012, Lloyds TSB Bank plc (the "Issuer") invited Holders of the securities listed below (the "Securities") to tender any and all of their Securities for purchase by the Issuer for cash (the "Offers") on the terms of and subject to the conditions contained in a tender offer memorandum dated June 28, 2012 (the "Tender Offer Memorandum").
Capitalized terms not otherwise defined in this announcement have the same meaning as assigned to them in the Tender Offer Memorandum.
Further to such invitation, the Issuer announced at 9.30 a.m. (New York City time) on July 6, 2012 (i) the Fixed Rate Purchase Price in respect of each Series of Fixed Rate Securities and (ii) the Accrued Interest in respect of each Series of Securities.
The Offers expired at noon (New York City time) on July 6, 2012. The Issuer hereby informs Holders that the aggregate principal amount of each Series of Securities validly tendered and to be accepted for purchase is as set out in the table below, and each such Holder is entitled to receive on the Settlement Date, which is expected to be July 10, 2012, the applicable Purchase Price plus Accrued Interest Payment.
Title of Floating Rate Security | ISIN Number |
CUSIP | Floating Rate Purchase Price | Aggregate principal amount accepted for purchase | Accrued Interest |
U.S.$2,000,000,000 Floating Rate Notes due January 2014 guaranteed by Lloyds Banking Group plc | US539473AK43 | 539473AK4 | U.S.$1,005.5 | U.S.$726,659,000 | U.S.$6.02 |
Title of Fixed Rate Security | ISIN Numbers | CUSIP | Repurchase Spread | Fixed Rate Purchase Price | Aggregate principal amount accepted for purchase | Accrued Interest |
U.S.$2,250,000,000 4.375% Senior Fixed Rate Notes due January 2015 guaranteed by Lloyds Banking Group plc | US53947PAA75(Reg S) US53947MAA45(144A) | 53947PAA7(Reg S) 53947MAA4(144A)
| +265 basis points | U.S.$1,032.53 | U.S.$682,842,000 | U.S.$21.63 |
U.S.$2,250,000,000 4.875% Senior Fixed Rate Notes due January 2016 guaranteed by Lloyds Banking Group plc | US539473AG31 | 539473AG3
| +260 basis points | U.S.$1,053.98 | U.S.$994,476,000 | U.S.$22.89 |
U.S.$2,750,000,000 5.800% Senior Fixed Rate Notes due January 2020 guaranteed by Lloyds Banking Group plc | US53947PAB58(Reg S) US53947MAB28(144A) | 53947PAB5(Reg S) 53947MAB2(144A)
| +305 basis points | U.S.$1,074.74 | U.S.$1,267,613,000 | U.S.$28.52 |
U.S.$2,500,000,000 6.375% Senior Fixed Rate Notes due January 2021 guaranteed by Lloyds Banking Group plc | US539473AH14 | 539473AH1
| +280 basis points | U.S.$1,142.17 | U.S.$1,252,968,000 | U.S.$29.93 |
FURTHER INFORMATION
Lucid Issuer Services Limited has been appointed by the Issuer as Tender Agent (the "Tender Agent") for the purposes of the Offers.
Deutsche Bank Securities Inc. and Lloyds Securities Inc. have been appointed by the Issuer as Dealer Managers (the "Dealer Managers") for the purposes of the Offers.
For further information please contact:
For analysts:
Frederik VerpoestDirector of Investor RelationsLloyds Banking Group+44 207 356 2385+44 750 948 4949
For press:
Nicole Sharp
Media Relations
+44 207 356 2120
Requests for information in relation to the Offers should be directed to:
DEALER MANAGERS
Deutsche Bank Securities Inc.60 Wall StreetNew York, NY 10005United StatesCollect: +1 212 250 7527Toll-Free: +1 855 287 1922Attention: Liability Management Groupemail: [email protected] Deutsche Bank AG, London BranchWinchester House1 Great Winchester StreetLondon EC2N 2DBUnited KingdomTel: +44 20 7545 8011Attention: Liability Management Groupemail: [email protected] | Lloyds Securities Inc.1095 Avenue of the AmericasNew York, NY 10036United StatesAttention: Liability Management GroupCollect: +1 212 827 3105email: [email protected]Lloyds TSB Bank plcLloyds Bank10 Gresham StreetLondon EC2V 7AEUnited KingdomTel: +44 20 7158 3981Attention: Liability Management Groupemail: [email protected]
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TENDER AGENT Lucid Issuer Services LimitedLeroy House436 Essex RoadLondon N1 3QPEnglandTel: +44 (0) 20 7704 0880Attention: Sunjeeve Patel / David Shilson / Thomas Choquet / Paul KammingaEmail: [email protected]
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DISCLAIMER
This announcement must be read in conjunction with the Tender Offer Memorandum. This announcement and the Tender Offer Memorandum contain important information which must be read carefully before any decision is made with respect to the Offers. If any Holder is in any doubt as to the action it should take, it is recommended to seek its own legal, accounting and financial advice, including as to any tax consequences, immediately from its stockbroker, bank manager, attorney, accountant or other independent financial adviser. Any individual or company whose Securities are held on its behalf by a broker, dealer, bank, custodian, trust company or other nominee or intermediary must contact such entity if it wishes to participate in the Offers. None of the Issuer, the Dealer Managers, the Tender Agent and any person who controls, or is a director, officer, employee or agent of such persons, or any affiliate of such persons, makes any recommendation as to whether Holders should participate in the Offers.
Related Shares:
Lloyds