Stabilisation Notice

RNS Number : 9731I

Lloyds Banking Group PLC

22 March 2010

 

22^Th March 2010

Not for distribution, directly or indirectly, in or into the United States or any jurisdiction in which such distribution would be unlawful.

Lloyds TSB Bank PLC. €1.5Billion 6.50% Dated Subordinated Notes due 24^th March 2020 (the "Notes").

Stabilisation Notice

Lloyds Banking Group plc (contact: Russell Taylor 020 7158 2081) gives notice that the Stabilising Manager(s) named below have over-allotted and may effect transactions with a view to supporting the market price of the Notes at a level higher than that which might otherwise prevail during the Stabilisation Period (as defined below). Such stabilisation, if commenced, may be discontinued at any time, and shall be conducted in accordance with all applicable laws, regulations and rules.

The Notes:
Issuer:	Lloyds TSB Bank PLC. €1.5Billion 6.50% Notes due 24th March 2020
Aggregate nominal amount:	Euro 1,500,000,000. -
Description:	6.50 per cent. Notes due 24th March 2020.
Offer price:	99.706
Stabilisation:
Stabilising Manager(s):	Deutsche Bank, Goldman Sachs International, HSBC Bank Plc and Lloyds TSB Corporate Markets.
Stabilisation Period Start Date:	17th March 2010
Stabilisation Period End Date:	17th April 2010
Stabilisation Period	From the Stabilisation Period Start Date to the Stabilisation End Date both including
Maximum size of over-allotment facility:	5%

In connection with the offer of the above Notes, the Stabilising Manager(s) may over-allot the Notes or effect transactions with a view to supporting the market price of the Notes at a level higher than that which might otherwise prevail. However, there is no assurance that the Stabilising Manager(s) will take any stabilisation action and any stabilisation action, if begun, may be ended at any time.

This announcement is for information purposes only and does not constitute an invitation or offer to underwrite, subscribe for or otherwise acquire or dispose of any Notes of the Issuer in any jurisdiction.

This announcement and the offer of the Notes to which it relates are only addressed to and directed at persons outside the United Kingdom and persons in the United Kingdom who have professional experience in matters related to investments or who are high net worth persons within article 12(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 and must not be acted on or relied on by other persons in the United Kingdom.

In addition, if and to the extent that this announcement is communicated in, or the offer of the Notes to which it relates is made in, any EEA Member State that has implemented Directive 2003/71/EC (together with any applicable implementing measures in any Member State, the "Prospectus Directive") before the publication of a prospectus in relation to the Notes which has been approved by the competent authority in that Member State in accordance with the Prospectus Directive (or which has been approved by a competent authority in another Member State and notified to the competent authority in that Member State in accordance with the Prospectus Directive), this announcement and the offer are only addressed to and directed at persons in that Member State who are qualified investors within the meaning of the Prospectus Directive (or who are other persons to whom the offer may lawfully be addressed) and must not be acted on or relied on by other persons in that Member State.

This announcement is not an offer of Notes for sale into the United States. The Notes have not been, and will not be, registered under the United States Securities Act of 1933 and may not be offered or sold in the United States absent registration or an exemption from registration.  There will be no public offer of Notes in the United States.

 

END

 

 

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