TIDMLLOY

RNS Number : 3744O

Lloyds Banking Group PLC

04 November 2016

4 November 2016

Lloyds Bank plc - RESULTS OF ANY AND ALL TENDER OFFER

Lloyds Bank plc ("Lloyds Bank" or the "Offeror") is today announcing the final results of its previously announced cash tender offer for any and all of certain series of outstanding U.S. dollar denominated notes (the "Any and All Notes") issued by Lloyds Bank plc and guaranteed by Lloyds Banking Group plc (the "Any and All Tender Offer"). The Any and All Tender Offer was made on the terms and subject to the conditions set out in the Offer to Purchase dated 27 October 2016 (the "Offer to Purchase") and the related notice of guaranteed delivery.

Capitalised terms not otherwise defined in this announcement have the same meaning as in the Offer to Purchase.

Based on information provided by the Tender Agent, $3,296,365,000 in aggregate principal amount of the Any and All Notes listed in the table below were validly tendered and not validly withdrawn by 5:00 p.m., New York City time, on 3 November 2016 (the "Any and All Expiration Deadline"), as more fully set forth below. The Offeror has accepted all Any and All Notes that were validly tendered and not validly withdrawn prior to the Any and All Expiration Deadline. The Any and All Settlement Date is expected to be 8 November 2016. In addition, $18,907,000 in aggregate principal amount of the Any and All Notes were tendered using the guaranteed delivery procedures.

The table below sets forth, among other things, the principal amount of each series of Any and All Notes validly tendered and not validly withdrawn at or prior to the Any and All Expiration Deadline:

Aggregate

Principal

Amount

Aggregate Tendered

Principal Principal Using Guaranteed

Any and Amount Amount Delivery Any and

All Notes ISIN/CUSIP Outstanding Tendered(1) Procedures All Consideration(2)

-------------- ------------- -------------- ------------- ----------------- ---------------------

1.750%

Senior

Notes due

2018 (Series

1) US53944VAC37 $1,000,000,000 $682,820,000 $2,825,000 $1,004.38

53944VAC31.750%

Senior

Notes due

2018 (Series

2) US53944VAG41 $1,250,000,000 $812,018,000 $320,000 $1,004.90

53944VAG4

2.350%

Senior

Notes due

2019 (Series

3) US53944VAB53 $1,000,000,000 $533,848,000 N/A $1,018.82

53944VAB5

2.400%

Senior

Notes due

2020 (Series

4) US53944VAE92 $1,000,000,000 $532,901,000 $200,000 $1,020.21

53944VAE9

3.500%

Senior

Notes due

2025 (Series

5) US53944VAH24 $1,250,000,000 $734,778,000 $15,562,000 $1,067.41

53944VAH2

(1) Excluding principal amounts of Any and All Notes tendered using guaranteed delivery procedures.

(2) Per $1,000 in principal amount of Any and All Notes accepted for purchase.

FURTHER INFORMATION

Lucid Issuer Services Limited actedas tender agent for the Any and All Tender Offer. Lloyds Bank plc acted as Global Co-Ordinator and Joint Dealer Manager, and BNP Paribas Securities Corp., Deutsche Bank Securities Inc. and UBS Limited acted as Joint Dealer Managers for the Any and All Tender Offer. Questions regarding the Any and All Tender Offer should be directed to Lloyds Bank plc at +1 (855) 400-6511 (U.S. Toll-Free), +1 (212) 827-3105 (U.S. Collect) or +44 (0) 20 7158 2720 (Europe); BNP Paribas Securities Corp. at +1 (888) 210-4358 (U.S. Toll-Free), +1 (212) 841-3059 (U.S. Collect) or +44 (0) 20 7595 8668 (Europe); Deutsche Bank Securities at +1 (866) 627-0391 (U.S. Toll-Free), +1 (212) 250-2955 (U.S. Collect) or +44 (0) 20 7545 8011 and UBS Limited at +1 (888) 719-4210 (U.S. Toll-Free), +1 (203) 719-4210 (U.S. Collect) or +44 (0) 20 7568 2133 (Europe).

Concurrent Non-U.S. Offer

On 27 October 2016, the Offeror also launched an exchange offer (the "Non-U.S. Offer") inrespect of certain of Lloyds Bank's outstanding euro-denominated debt securities. This announcement does not relate to the Non-U.S. Offer.

Investor Relations

Andrew Downey Email: andrew.downey@finance.lloydsbanking.com

Director, Investor Relations Telephone: +44 (0) 20 7356 2334

This information is provided by RNS

The company news service from the London Stock Exchange

END

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November 04, 2016 07:21 ET (11:21 GMT)

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