Lloyds Banking Group PLC
Indicative
Full Lot
Indicative price as of 02 Oct 2026, 4:33pm
Ask Yield to Worst
Bid Yield to Worst
Ask Yield to Maturity
Bid Yield to Maturity
Bond Issuer
Lloyds Banking Group PLC
Guarantor
-
Announcement Date
10 Mar 2023
Issue Date
17 Mar 2023
Maturity Date
17 Mar 2029
Years to Maturity / Next Call
2.448 / 1.448
Modified Duration
2.242 @ 02 Oct 2026
Issue / Reoffer Price
100.000
Issue / Reoffer Yield
5.802
Coupon Type
Variable
Annual Coupon Rate
5.802
Coupon Frequency
Semi Annually
Seniority
Senior Unsecured
Capital Structure
Senior Unsecured
Reference Rate
Reset Date: 17 March 2028 and every quarter thereafter
Reset Rate: 3-month BBSW + Initial Margin (2.000%)
ISIN
AU3CB0297802
CUSIP
ZL5056508
Bond Currency
AUD
Total Issue Size
400,000,000
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
(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.
See Condition 9.5 (“Early redemption at the option of the Issuer (Issuer call)”).
Call Date:17 March 2028
The Issuer may at its option redeem all, but not some, of the Notes, in whole but not in part, at any time at a price equal to 100% of the principal amount together with unpaid interest accrued to, but excluding, the date fixed for redemption, if a Loss Absorption Disqualification Event has occurred.
See Condition 9.11 (“Redemption Due to Loss Absorption Disqualification Event”).
Cash Flow Information