LLOYDS 7.086% 31Aug2033 Corp (AUD)

Bond Factsheet

Lloyds Banking Group PLC

Indicative

Full Lot

Bid Price

101.379

Change in Bid Price

0.172

Bid Yield (%)

6.300 %

Change in Bid Yield

remove 0.097

Ask Price

101.510

Change in Ask Price

0.173

Ask Yield (%)

6.226 %

Change in Ask Yield

remove 0.099

Indicative price as of 02 Oct 2026, 4:33pm

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Bond Information

Lloyds Banking Group plc, through subsidiaries and associated companies, offers a range of banking and financial services. The Company provides retail banking, mortgages, pensions, asset management, insurance services, corporate banking, and treasury services.

Bond Issuer

Lloyds Banking Group PLC

Guarantor

Announcement Date

23 Aug 2023

Issue Date

31 Aug 2023

Maturity Date

31 Aug 2033

Years to Maturity / Next Call

6.909 / 1.906

Modified Duration

5.341 @ 02 Oct 2026

Issue / Reoffer Price

100.000

Issue / Reoffer Yield

7.086

Coupon Type

Variable

Annual Coupon Rate

7.086

Coupon Frequency

Semi Annually

Seniority

Subordinated

Capital Structure

Tier 2

Reference Rate

Reset Date: 31Aug2028 and every quarter thereafter
Reset Rate: 3MBBSW + Margin (2.900%)

ISIN

AU3CB0302115

CUSIP

ZI5109239

Bond Currency

AUD

Total Issue Size

750,000,000

Min. Investment Quantity (Nominal)

AUD 250,000

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

Exchange Listed

Others

Bond Feature(s)

Loss Absorption

Tier 2

Recognition of UK Bail-in Power

(a) Notwithstanding, and to the exclusion of, any other term of the Notes or any other agreements, arrangements, or understandings between the Issuer and any Noteholder, by its acquisition of the Notes, each Noteholder acknowledges and accepts that the Amounts Due arising under the Notes may be subject to the exercise of the UK Bail-in Power by the Resolution Authority, and acknowledges, accepts, consents and agrees to be bound by:

(i) the effect of the exercise of the UK Bail-in Power by the Resolution Authority, that may include and result in any of the following, or some combination thereof:
(A) the reduction of all, or a portion, of the Amounts Due;
(B) the conversion of all, or a portion, of the Amounts Due on the Notes into shares, other securities or other obligations of the Issuer or another person (and the issue to or conferral on the Noteholder of such shares, securities or obligations), including by means of an amendment, modification or variation of the terms of the Notes); (C) the cancellation of the Notes; and
(D) the amendment or alteration of the maturity of the Notes or amendment of the amount of interest payable on the Notes, or the date on which the interest becomes payable, including by suspending payment for a temporary period; and

(ii) the variation of the terms of the Notes, if necessary, to give effect to the exercise of the UK Bail-in Power by the Resolution Authority.

(b) No repayment or payment of Amounts Due on the Notes will become due and payable or to be paid after the exercise of any UK Bail-in Power by the Resolution Authority if and to the extent such amounts have been reduced, converted, cancelled, suspended (for so long as such suspension or moratorium is outstanding), amended or altered as a result of such exercise.

(c) Neither a reduction or cancellation, in part or in full, of the Amounts Due or the conversion thereof into another security or obligation of the Issuer or another person, as a result of the exercise of the UK Bail-in Power by the Resolution Authority with respect to the Issuer, nor the exercise of the UK Bail-in Power by the Resolution Authority with respect to the Notes will be a default or an Event of Default for any purpose.

Capital Disqualification Event Redemption

If at any time a Capital Disqualification Event (as defined in Conditions) has occurred, the Issuer may, subject to the satisfaction of the Conditions to Redemption and Purchase described in the Conditions, redeem the Tier 2 Notes in whole, but not in part, at any time at 100% of their principal amount, together with any accrued and unpaid interest to, but excluding, the date fixed for redemption.

Substitution or Variation

If a Tax Event or Capital Disqualification Event has occurred, then the Issuer may, subject to the conditions described in the Conditions including terms not materially less favourable to Noteholders, but without any requirement for the consent or approval of the holders of the Tier 2 Notes, at any time (whether before, on or following the Reset Date) either substitute all (but not some only) of the Tier 2 Notes for, or vary the terms of the Tier 2 Notes so that they remain or, as appropriate, become, Compliant Securities (as defined in the Conditions).

Waiver of set-off

The Dated Subordinated Notes are not eligible for any set-off by any Noteholder. Noteholders shall not be able to exercise or claim any right of set-off in respect of any amount owed by the Issuer arising under or in connection with the Dated Subordinated Notes

Issuer Call

The Issuer may redeem the Tier 2 Notes in whole (but not in part) in its sole discretion (but subject to the satisfaction of the Conditions to Redemption and Purchase described in the Information Memorandum) on the Reset Date (the “Early Redemption Date”).

Early Redemption / Reset Date: 31 August 2028

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Coupon Dates	Coupon Receive	Principal Amount	Cash Flow

No Data