Obbligazione Lloyds Bank Plc 0.06% ( XS0589945459 ) in GBP

Emittente Lloyds Bank Plc
Prezzo di mercato 100 GBP  ⇌ 
Paese  Regno Unito
Codice isin  XS0589945459 ( in GBP )
Tasso d'interesse 0.06% per anno ( pagato 1 volta l'anno)
Scadenza 08/02/2029 - Obbligazione è scaduto



Prospetto opuscolo dell'obbligazione Lloyds Bank Plc XS0589945459 in GBP 0.06%, scaduta


Importo minimo 100 000 GBP
Importo totale 1 250 000 000 GBP
Descrizione dettagliata Lloyds Banking Group plc è una delle maggiori istituzioni finanziarie del Regno Unito, offrendo una vasta gamma di servizi bancari al dettaglio e commerciali, gestione patrimoniale e assicurazioni.

The Obbligazione issued by Lloyds Bank Plc ( United Kingdom ) , in GBP, with the ISIN code XS0589945459, pays a coupon of 0.06% per year.
The coupons are paid 1 time per year and the Obbligazione maturity is 08/02/2029







IMPORTANT NOTICE
NOT FOR DISTRIBUTION TO ANY U.S. PERSON OR TO ANY PERSON OR ADDRESS
IN THE U.S.
IMPORTANT: You must read the following before continuing. The following applies to the final terms attached to
this electronic transmission, and you are therefore advised to read this carefully before reading, accessing or making any
other use of the final terms. In accessing the final terms, you agree to be bound by the following terms and conditions,
including any modifications to them any time you receive any information from us as a result of such access.
NOTHING IN THIS ELECTRONIC TRANSMISSION CONSTITUTES AN OFFER TO SELL OR THE
SOLICITATION OF AN OFFER TO BUY THE SECURITIES OF THE ISSUER. THE FOLLOWING FINAL
TERMS MAY NOT BE FORWARDED OR DISTRIBUTED TO ANY OTHER PERSON AND MAY NOT BE
REPRODUCED IN ANY MANNER WHATSOEVER, AND IN PARTICULAR, MAY NOT BE FORWARDED TO
ANY U.S. PERSON OR TO ANY U.S. ADDRESS. ANY FORWARDING, DISTRIBUTION OR REPRODUCTION
OF THIS DOCUMENT IN WHOLE OR IN PART IS UNAUTHORISED. FAILURE TO COMPLY WITH THIS
DIRECTIVE MAY RESULT IN A VIOLATION OF THE U.S. SECURITIES ACT OF 1933, AS AMENDED (THE
SECURITIES ACT) OR THE APPLICABLE LAWS OF OTHER JURISDICTIONS.
These final terms have been delivered to you on the basis that you are a person into whose possession this final terms
may be lawfully delivered in accordance with the laws of the jurisdiction in which you are located. By accessing the
final terms, you shall be deemed to have confirmed and represented to us that (a) you have understood and agree to the
terms set out herein, (b) you consent to delivery of the final terms by electronic transmission, (c) you are not a U.S.
person (within the meaning of Regulation S under the Securities Act) or acting for the account or benefit of a U.S.
person and the electronic mail address that you have given to us and to which this e-mail has been delivered is not
located in the United States, its territories and possessions (including Puerto Rico, the U.S. Virgin Islands, Guam,
American Samoa, Wake Island and the Northern Mariana Islands) or the District of Columbia and (d) if you are a
person in the United Kingdom, then you are a person who (i) has professional experience in matters relating to
investments or (ii) is a high net worth entity falling within Article 49(2)(a) to (d) of the Financial Services and Markets
Act (Financial Promotion) Order 2005 or a certified high net worth individual within Article 48 of the Financial
Services and Markets Act (Financial Promotion) Order 2005.
These final terms have been sent to you in an electronic form. You are reminded that documents transmitted via this
medium may be altered or changed during the process of electronic transmission and consequently none of Lloyds Bank
plc or any other Dealer appointed from time to time (nor any person who controls it nor any director, officer, employee
nor agent of it or affiliate of any such person) accepts any liability or responsibility whatsoever in respect of any
difference between the final terms distributed to you in electronic format and the hard copy version available to you on
request from Lloyds Bank plc.


THESE AMENDED AND RESTATED FINAL TERMS HAVE BEEN CREATED SOLELY AS A MATTER
OF RECORD TO RECORD THE CURRENT FINAL TERMS OF THE COVERED BONDS AS AMENDED
WITH EFFECT FROM 27 FEBRUARY 2020 BY A SUPPLEMENTAL TRUST DEED DATED 27
FEBRUARY 2020 (THE "SUPPLEMENTAL TRUST DEED") TO AMEND THE INTEREST BASIS OF
THE COVERED BONDS. NO OFFER OF ANY OF THE COVERED BONDS IS BEING MADE BY
THE ISSUER (AS DEFINED BELOW) PURSUANT TO THIS DOCUMENT OR OTHERWISE AND THE
ISSUER DOES NOT ACCEPT ANY ADDITIONAL OBLIGATIONS TO COVERED BONDHOLDERS IN
RELATION TO THIS DOCUMENT.
FINAL TERMS
The Covered Bonds have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the
Securities Act) or the state securities laws of any state or other jurisdiction of the United States and the Covered Bonds
may not be offered, sold or delivered, directly or indirectly, within the United States or to, or for the account or benefit
of, U.S. persons (as defined in Regulation S under the Securities Act) except pursuant to an exemption from, or in a
transaction not subject to, the registration requirements of the Securities Act and applicable state or local securities
laws.
Final Terms dated 7 February 2011, and as amended and restated on 27 February 2020
Lloyds Bank plc
Issue of £1,250,000,000 Series 2011-5 Fixed Rate Covered Bonds due 2029
irrevocably and unconditionally guaranteed as to payment of principal and interest by
Lloyds Bank Covered Bonds LLP
under the 15 billion
Global Covered Bond Programme
The Programme has been registered and notice of these Covered Bonds has been made, under the Regulated Covered
Bonds Regulations 2008 (SI 2008/346).
The Prospectus referred to below (as completed by these Final Terms) has been prepared on the basis that any offer of
Covered Bonds in any Member State of the European Economic Area which has implemented the Prospectus Directive
(2003/71/EC) (each, a Relevant Member State) will be made pursuant to an exemption under the Prospectus Directive,
as implemented in that Relevant Member State, from the requirement to publish a prospectus for offers of the Covered
Bonds. Accordingly any person making or intending to make an offer in that Relevant Member State of the Covered
Bonds may only do so in circumstances in which no obligation arises for the Issuer or the relevant Dealer to publish a
prospectus pursuant to Article 3 of the Prospectus Directive or supplement a prospectus pursuant to Article 16 of the
Prospectus Directive, in each case, in relation to such offer. Neither the Issuer nor the relevant Dealer has authorised,
nor do they authorise, the making of any offer of Covered Bonds in any other circumstances.
PART A -- CONTRACTUAL TERMS
Terms used herein shall be deemed to be defined as such for the purposes of the Terms and Conditions (the Terms and
Conditions) set forth in the prospectus dated 23 August 2010 and the supplemental prospectus dated 6 September 2010
which together constitute a base prospectus (the Prospectus) for the purposes of the Prospectus Directive (Directive
2003/71/EC) (the Prospectus Directive). This document constitutes the Final Terms of the Covered Bonds described
herein for the purposes of Article 5.4 of the Prospectus Directive and must be read in conjunction with such Prospectus
as so supplemented. Full information on the Issuer, the LLP and the offer of the Covered Bonds is only available on the
basis of the combination of these Final Terms and the Prospectus. The Prospectus is available for viewing at, and copies
may be obtained during normal business hours from, Lloyds Bank plc, 25 Gresham Street, London EC2V 7HN.
1.
(i)
Issuer:
Lloyds Bank plc
(ii)
LLP:
Lloyds Bank Covered Bonds LLP
2.
(i) Series
Number:
2011-5
(ii)
Tranche Number:
1
3.
Specified Currency or Currencies:
£/sterling/pound sterling
4.
Aggregate Nominal Amount of Covered Bonds




admitted to trading:
(i)
Series:
£1,250,000,000
(ii)
Tranche:
£1,250,000,000
5.
Issue Price:
98.714 per cent. of the aggregate nominal amount.





6.
(i) Specified
Denominations:
£100,000 and integral multiples of £1,000 in excess
thereof.

(ii)
Calculation Amount:
£1,000
7.
(i)
Issue Date:
8 February 2011
(ii)
Interest Commencement Date:
8 February 2011
8.
(i)
Final Maturity Date:
8 February 2029
(ii)
Extended Due for Payment Date of 8 February 2030
Guaranteed Amounts corresponding to
the Final Redemption Amount under the
Covered Bond Guarantee:
9.
Interest Basis:
6.00 per cent. Fixed Rate from and including the Issue
Date to but excluding the Final Maturity Date
(Further particulars specified below with respect to the
period from the Final Maturity Date to, but excluding the
Extended Due for Payment Date)
10.
Redemption/Payment Basis:
Redemption at par
11.
Change of Interest or Redemption/Payment From, and including the Final Maturity Date to, but
Basis:
excluding the Extended Due for Payment Date the
following Interest provisions apply;
Interest Basis: SONIA + 1.879 per cent. Floating Rate.
Interest Payment Dates: 8th day of each month, from but
excluding the Final Maturity Date to and including the
Extended Due for Payment Date.
Interest Period: The first Interest Period after the Final
Maturity Date will be the period from and including the
Final Maturity Date to but excluding the next following
Interest Payment Date and subsequent Interest Periods
will be from and including an Interest Payment Date to
but excluding the next following Interest Payment Date
up to but excluding the Extended Due for Payment Date.
Modified Following Business Day Convention.
Business Days: London
Day Count Fraction: Actual/365 Fixed (adjusted).
Interest Determination Dates: Fifth Business Day prior to
the end of each Interest Period.
Screen Rate Determination: Applicable ­ Overnight Rate

Calculation Method: Compounded Daily
Relevant Screen Page: Reuters Screen SONIA Page (or
any replacement thereto)
Relevant time: 9:00 a.m.
Observation Method: Lag
Observation Look-back Period: 5 Business Days
D: 365






12.
Put/Call Options:
Not Applicable
13.
(i)
Status of the Covered Bonds:
Senior, unsecured
(ii)
Status of Covered Bond Guarantee:
Senior, secured
(iii)
Date of Board approval for issuance of
1 July 2010 in respect of the Issuer and 3 February 2011
Covered Bonds and Covered Bond
and 12 December 2019 in respect of the LLP
Guarantee obtained:

14.
Method of distribution:
Syndicated
PROVISIONS RELATING TO INTEREST (IF ANY) PAYABLE
15.
Fixed Rate Covered Bond Provisions
Applicable from and including the Issue Date to but
excluding the Final Maturity Date.
(i)
Rate of Interest:
6.00 per cent. per annum payable annually in arrear
(ii)
Interest Payment Date(s):
The first Interest Payment Date will be 8 February 2012
and thereafter 8 February in each year up to and including
the Final Maturity Date
(iii)
Business Day Convention:
Following Business Day Convention
(iv)
Business Day(s):
London
Additional Business Centre(s):
Not Applicable
(v)
Fixed Coupon Amount:
£60 per Calculation Amount
(vi)
Broken Amount(s):
Not Applicable.
(vii)
Day Count Fraction:
Actual/Actual ICMA (not adjusted)
(viii)
Determination Dates:
8 February in each year
(ix)
Other terms relating to the method of Not Applicable
calculating interest for Fixed Rate
Covered Bonds:
16.
Floating Rate Covered Bond Provisions
Not Applicable, save as set out in Item 11above
17.
Zero Coupon Covered Bond Provisions
Not Applicable
18.
Index Linked Interest Covered Bond and Not Applicable
other Variable Interest Covered Bond (Index

Linked Interest Covered Bonds, Credit Linked
Interest Covered Bonds, Equity Linked Interest
Covered Bonds, Currency Linked Covered
Bonds, Dual Currency Linked Covered Bonds)
Provisions

PROVISIONS RELATING TO REDEMPTION
19.
Issuer Call Option
Not Applicable
20.
Investor Put Option
Not Applicable
21.
Final Redemption Amount
Nominal Amount
22.
Index Linked Redemption Covered Bonds
Not Applicable
23.
Equity Linked Redemption Covered Bonds:
Not Applicable
24.
Relevant Assets:
Not Applicable
25.
Additional Disruption Events:
Not Applicable
26.
Currency Linked Covered Bonds:
Not Applicable
27.
Dual Currency Linked Covered Bonds:
Not Applicable





28.
Early Redemption Amount:

Early Redemption Amount(s) payable on Condition 6.7 applies
redemption for (a) taxation reasons or on event of
default or other early redemption (b) in the case
of Index Linked Redemption Covered Bonds,
following an Index Adjustment Event, as set out
in these Final Terms or (c) in the case of Equity
Linked Redemption Covered Bonds, following
certain corporate events as set out in these Final
Terms or (d) in the case of Index Linked
Redemption Covered Bonds or Equity Linked
Redemption Covered Bonds, following an
Additional Disruption Event (if applicable) as set
out in these Final Terms, and/or the method of
calculating the same (if required or if different
from that set out in the Conditions):
GENERAL PROVISIONS APPLICABLE TO THE COVERED BONDS
29.
Form of Covered Bonds:
Bearer Covered Bonds:

Temporary Global Covered Bond exchangeable for a
Permanent Global Covered Bond which is exchangeable for
Definitive Covered Bonds only upon an Exchange Event
30.
New Global Covered Bond:
Yes
31.
Financial Centre(s) or other special Not Applicable
provisions relating to payment dates:
32.
Talons for future Coupons or Receipts to be No
attached to Definitive Covered Bonds (and
dates on which such Talons mature):
33.
Details relating to Partly Paid Covered Not Applicable
Bonds: amount of each payment comprising
the Issue Price and date on which each
payment is to be made and consequences (if
any) of failure to pay, including any right of
the Bank to forfeit the Covered Bonds and
interest due on late payment:
34.
Details relating to Instalment Covered Not Applicable
Bonds: amount of each instalment, date on
which each payment is to be made:
35.
Redenomination, renominalisation and
Not Applicable
reconventioning provisions:
36.
Consolidation provisions:
Not Applicable
37.
Additional U.S. Federal Tax Considerations:
Not Applicable
38.
Other final terms:
Not Applicable

DISTRIBUTION
39.
If syndicated, names of Managers:
Lloyds Bank plc, The Royal Bank of Scotland plc, UBS
Limited as the Joint Lead Managers, Barclays Bank PLC,
Deutsche Bank AG, London Branch and Royal Bank of
Canada as the Managers
40.
Date of Subscription Agreement:
7 February 2011
41.
Stabilising Manager(s) (if any):
Not Applicable
42.
If non-syndicated, name of Dealer:
Not Applicable





43.
U.S. Selling Restrictions:
TEFRA D

Until the expiry of the period of 40 days after the date of
these amended and restated Final Terms, sales may not be
made in the United States or to U.S. persons unless made
pursuant to Rule 903 or 904 of Regulation S under the
Securities Act.
44.
Additional selling restrictions:
In addition to those set out in the section entitled Subscription
and Sale and Transfer and Selling Restrictions in the
Prospectus:
Cyprus
Each Dealer has represented and agreed that (i) in relation to
the Covered Bonds, it will not provide from within Cyprus all
or any "Investment Services or Investment Activities" and
"Ancillary Services" (as such terms are defined in the
Investment Services and Activities and Regulated Markets
Law 144(I) of 2007) or otherwise provide Investment
Services and Activities and Ancillary Services from outside
Cyprus to residents or persons domiciled in Cyprus or
otherwise conclude in Cyprus any transaction relating to such
Investment Services and Activities and Ancillary Services in
contravention of the Investment Services and Activities and
Regulated Markets Law 144(I) of 2007 and the regulations
made pursuant thereto or in relation thereto, and (ii) it has
complied in all respects with the provisions of the Public
Offer and Prospectus Law, Law 114(I)/2005.
45.
Additional United States Tax Considerations:
Not Applicable
LISTING AND ADMISSION TO TRADING APPLICATION
These Final Terms comprise the final terms required for issue and admission to trading of the Covered Bonds on the
London Stock Exchange's Regulated Market described herein pursuant to the 15,000,000,000 Global Covered Bond
Programme of Lloyds Bank plc.



Peter Green
Peter Green


PART B -- OTHER INFORMATION
1.
LISTING
(i)
Listing:
Application has been made by the Issuer (or on its behalf)
for the 2011-5 Covered Bonds to be admitted to the
Official List of the UK Listing Authority with effect from
8 February 2011.
(ii)
Admission to trading:
Application has been made by the Issuer (or on its behalf)
for the 2011-5 Covered Bonds to be admitted to trading
on the London Stock Exchange's Regulated Market with
effect from 8 February 2011.
(iii)
Estimate of total expenses related to £3,650
admission to trading:
2.
RATINGS
Ratings:
The Covered Bonds are expected upon issue to be rated:
Fitch: AAA
Moody's: Aaa
Each such credit rating agency is established in the
European Union and has applied for registration under
Regulation (EU) No 1060/2009 (the CRA Regulation),
although notification of the corresponding registration
decision has not yet been provided by the relevant
competent authority. In general, European regulated
investors are restricted from using a rating for regulatory
purposes if such rating is not issued by a credit rating
agency established in the European Union and registered
under the CRA Regulation unless the rating is provided
by a credit rating agency operating in the European Union
before 7 June 2010 which has submitted an application
for registration in accordance with the CRA Regulation
and such registration is not refused.
3.
COVERED BOND SWAP:
Covered Bond Swap Provider:
Lloyds Bank plc
Nature of Covered Bond Swap:
Non-Forward Starting
4.
NOTIFICATION
The United Kingdom Financial Services Authority has provided the Issuer with a certificate of approval
attesting that the Prospectus has been drawn up in accordance with the Prospectus Directive.
5.
INTERESTS OF NATURAL AND LEGAL PERSONS INVOLVED IN THE ISSUE
Save for any fee payable to the Lead Manager and as discussed in "Subscription and Sale and Transfer and
Selling Restrictions", so far as the Issuer and LLP are aware, no person involved in the offer of the Covered
Bonds has an interest material to the offer.
6.
REASONS FOR THE OFFER
(i)
Reasons for the offer:
To be used by the Issuer to make available Term
Advances to the LLP pursuant to the Intercompany Loan
Agreement
7.
Fixed Rate Covered Bonds only -- YIELD
6.12 per cent. per annum
Indication of yield:
The yield is calculated at the Issue Date on the basis of
the Issue Price. It is not an indication of future yield.
8.
HISTORIC INTEREST RATES
Not Applicable


9.
PERFORMANCE OF INDEX/FORMULA/ CURRENCY(IES)/OTHER VARIABLE AND OTHER
INFORMATION CONCERNING THE UNDERLYING
Not Applicable
10.
PERFORMANCE OF RATES OF EXCHANGE
Not Applicable
11.
OPERATIONAL INFORMATION
ISIN Code:
XS0589945459
CUSIP:
Not Applicable
Common Code:
058994545
Any clearing system(s) other than Euroclear
Not Applicable
Bank S.A./N.V. and Clearstream Banking,
société anonyme (including the Depository Trust
Company) and the relevant identification
number(s):
Delivery:
Delivery against payment
Names and addresses of additional Paying
Not Applicable
Agent(s) (if any):
Intended to be held in a manner which would
No
allow Eurosystem eligibility: