68FF Hbos 5.75% Nts

TIDM68FF

RNS Number : 3478A

HBOS PLC

01 February 2022

HBOS PLC

Notice of Capital Redemption Price

1 February 2022

HBOS PLC

(the "Issuer")

(LEI: 213800RS21X7UUH5QU25)

NOTICE OF CAPITAL REDEMPTION PRICE

to the holders of its

GBP245,000,000 7.881 per cent. Subordinated Extendable Maturity Notes due 2048

(ISIN: XS0105254626), of which GBP245,000,000 in principal amount is outstanding and held by HBOS Sterling Finance (Jersey) L.P. (the "Notes")

Following the publication by the Issuer on 4 January 2022 of a notice announcing that it has elected to redeem the outstanding Notes in full on 4 February 2022 (the "Redemption Date") in accordance with Condition 5(d) of the Notes and the trust deed dated 9 December 1999 between Halifax Group plc and The Law Debenture Trust Corporation p.l.c. (the "Trustee"), as amended by a supplemental trust deed dated 1 July 2002 between the Issuer, Halifax Group plc and the Trustee constituting the Notes (the "Trust Deed"), NOTICE IS HEREBY GIVEN by the Issuer to the holders of the Notes of the Capital Redemption Price.

In accordance with the terms of the Notes, Citibank, N.A. in its capacity as Calculation Agent has today determined that the Capital Redemption Price in respect of each Note is 157.560%.

Each Note will be redeemed on the Redemption Date at the Capital Redemption Price including an accrued interest payment of 1.204% in respect of each Note and all Arrears of Interest (if any) thereon.

Unless otherwise defined herein, defined terms used herein have the meaning given to them in the Trust Deed.

FURTHER INFORMATION

This announcement contains inside information in relation to the Notes and is disclosed in accordance with the Market Abuse Regulation (EU) 596/2014 as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018 ("UK MAR"). For the purposes of UK MAR and Article 2 of the binding technical standards published by the Financial Conduct Authority in relation to UK MAR as regards Commission Implementing Regulation (EU) 2016/1055, this announcement is made by Douglas Radcliffe, Group Investor Relations Director.

For further information, please contact:

Group Corporate Treasury :

Liz Padley

Head of Capital Structuring, Holding Company and Resolution

Telephone: +44 (0)20 7158 1737

Email: Claire-Elizabeth.Padley@LloydsBanking.com

Investor Relations :

Douglas Radcliffe

Group Investor Relations Director

Telephone: +44 (0)20 7356 1571

Email: Douglas.Radcliffe@LloydsBanking.com

Corporate Affairs:

Matthew Smith

Head of Media Relations

Tel: +44 (0)20 7356 3522

Email: matt.smith@lloydsbanking.com

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END

MSCBKDBKNBKDPBK

(END) Dow Jones Newswires

February 01, 2022 08:09 ET (13:09 GMT)

Hbos 5.75% Nts (LSE:68FF)
Historical Stock Chart
Von Dez 2024 bis Jan 2025

Hbos 5.75% Nts (LSE:68FF)
Historical Stock Chart
Von Jan 2024 bis Jan 2025