Bloomberg News

Lloyds to Exchange A$516 Million of HBOS Lower Tier 2 Notes

December 13, 2011

Dec. 13 (Bloomberg) -- Lloyds Banking Group Plc will issue new bonds as part of a tender offer of HBOS Plc Lower Tier 2 notes in Australian dollars, it said in a statement.

The U.K. lender accepted A$516.06 million of bonds due 2017 at an exchange price of 80.75, according to the statement.

Link to Statement:{NSN LW4RT83HBS3K <GO>}

To contact the editor responsible for this story: Paul Armstrong at parmstrong10@bloomberg.net


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