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Lloyds 8.5% Perp Bond
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Bond Description
Current Coupon
8.5%
Maturity Date
07/09/2049
Credit Risk
Medium
Currency
GBP
Seniority
Jr Subordinated
Coupon Type
Fixed-Fixed (Margin-over Index)
Country
GBR
Industry Type
Banks (AT1)
Callable
Yes
Perpetual
Yes
Guarantor
LLOYDS BANK PLC
Bond RatingsA+
Issuer Rating1
A+
Last Rating Action
Upgrade on 2024-11-21
Issuer Rating Watch/Outlook
Rating Outlook Stable
Issue Rating2
BBB
Last Rating Action
Upgrade on 2024-11-21
Issuer Rating Action History
07/12/2023
A
Affirmed
Rating Outlook Stable
15/12/2022
A
Affirmed
Rating Outlook Stable
19/01/2022
A
Affirmed
Rating Outlook Stable
Yield Analysis
Yield3
Not Applicable
Yield to Call
6.57
Z Spread (bps)
270.8
Duration
2.07
Next Coupon Date
27/06/2025
Accrued Interest
1.548
Next Call Date
27/09/2027
Next Call Price
100
Liquidity
Very Liquid
Next Reset Date
27/03/2028
Reset Index (Current Level)
4.220%
Spread
588.3bp
Reset Index
GUKG5 (UK Gilts 5Y)
Bond Additional Information
ISIN Code
XS2529511722
Registration Type
Underwritten
Amount Issued
750,000,000
Amount Outstanding
750,000,000
Issue Date
07/09/2022
Issue Price
100
Coupon Frequency
4
Day Count
ACT/ACT
Redemption Value
100
Min. Denomination
200,000
Footnotes:
1 Issuer rating is the Long-Term Issuer Default Rating (IDR). Ratings data provided by Fitch Ratings.
2 Issue rating is the Long-Term Issue Rating. Ratings data provided by Fitch Ratings.
3 Yield displays YTM. Exceptions are perpetuals, which will display "Not Applicable", and fix-to-float bonds, which will assume constant rate of coupon projection.
Last traded data sourced from BondCliQ.