Bond Factsheet
LLOYDS 4.750% 23May2028 Corp (AUD)
Lloyds Banking Group PLC
Indicative
Full Lot
Bid Price 98.453
Change in Bid Price 0.135
Bid Yield (%) 5.753 %
Change in Bid Yield 0.087
Ask Price 98.555
Change in Ask Price 0.134
Ask Yield (%) 5.686 %
Change in Ask Yield 0.087
Indicative price as of 02 Oct 2026, 4:33pm
Bond Issuer
Lloyds Banking Group PLC
Guarantor
-
Announcement Date
16 May 2018
Issue Date
23 May 2018
Maturity Date
23 May 2028
Years to Maturity / Next Call
1.638 / -
Modified Duration
1.518 @ 02 Oct 2026
Issue / Reoffer Price
99.902
Issue / Reoffer Yield
4.750
Coupon Type
Fixed
Annual Coupon Rate
4.750
Coupon Frequency
Semi Annually
Seniority
Senior Unsecured
Capital Structure
Senior Unsecured
Reference Rate
-
ISIN
AU3CB0253227
CUSIP
AS6639627
Bond Currency
AUD
Total Issue Size
150,000,000
Min. Investment Quantity (Nominal)
AUD 10,000
Incremental Quantity (Nominal)
AUD 10,000
Bond Type
Corporate
Bond Sector
Financials
Bond Sub Sector
Banks
Issuer Credit Rating (S&P/ Fitch)
***/ A+
Bond Credit Rating (S&P/ Fitch)
***/ A+
Shariah Compliant
No
Exchange Listed
Others
Loss Absorption
(a) By purchasing the Notes, each Noteholder of the Notes acknowledges, agrees to be bound by and consents to the exercise of any U.K. bail-in power by the relevant U.K. resolution authority that may result in:
(i) the cancellation of all, or a portion, of the principal amount of, or interest on, the Notes; and/or
(ii) the conversion of all, or a portion, of the principal amount of, or interest on, the Notes into shares or other securities or other obligations of the Issuer or another person, which U.K. bail-in power may be exercised by means of variation of the terms of the Notes solely to give effect to the above.
(b) Each Noteholder of the Notes further acknowledges and agrees that the rights of the Noteholders under the Notes are subject to, and will be varied, if necessary, solely to give effect to, the exercise of any U.K. bail-in power by the relevant U.K. resolution authority expressed to implement such a cancellation or conversion.
(c) No repayment of the principal amount of the Notes or payment of interest on the Notes shall become due and payable after the exercise of any U.K. bail-in power by the relevant U.K. resolution authority unless, at the time that such repayment or payment, respectively, is scheduled to become due, such repayment or payment would be permitted to be made by the Issuer under the laws and regulations of the United Kingdom and the European Union applicable to the Issuer or other members of the Group.
(d) The exercise of any U.K. bail-in power by the relevant U.K. resolution authority shall not constitute an Event of Default under the Notes.
(e) By purchasing the Notes, each Noteholder shall be deemed to have: (i) consented to the exercise of any U.K. bail-in power as it may be imposed without any prior notice by the relevant U.K. resolution authority of its decision to exercise such power with respect to the Notes; and
(ii) authorised, directed and requested the Registrar and relevant Clearing System and any direct participant in the relevant Clearing System or other intermediary through which it holds such Notes to take any and all necessary action, if required, to implement the exercise of any U.K. bail-in power with respect to the Notes as it may be imposed, without any further action or direction on the part of such holder or beneficial owner.
(f) Upon the exercise of the U.K. bail-in power by the relevant U.K. resolution authority with respect to the Notes, the Issuer shall provide a written notice to the Registrar and relevant Clearing System as soon as practicable regarding such exercise of the U.K. bail-in power for purposes of notifying holders of such occurrence.
For the purposes of this Condition 4.5, a reference to “Noteholders” includes any person holding an interest in the Notes.
Additional Note
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