| Add to balance / Manage account | User: | Log out |
| Prospect News home > News index > List of issuers T > Headlines for TSB Bank plc > News item |
TSB Bank begins consent bid for £500 million series 2017-1 floaters
By Sarah Lizee
Olympia, Wash., May 12 – TSB Bank plc launched a consent solicitation for its £500 million series 2017-1 floating-rate covered bonds due December 2022 (ISIN: XS1729158508), according to a notice.
The company is seeking approval to amend the notes so that the existing sterling Libor interest basis of the series 2017-1 covered bonds will be replaced by a compounded daily Sonia interest basis.
The consent bid will expire at 11 a.m. ET on May 29.
A bondholder meeting is slated for 5 a.m. ET on June 3.
If the extraordinary resolution is passed, the amendment will take effect on June 8.
The issuer is not offering a consent fee.
The solicitation and tabulation agents are Lloyds Bank Corporate Markets plc (+44 20 7158 1719/1726, liability.management@lloydsbanking.com) and Lucid Issuer Services Ltd. (+44 20 7704 0880, tsb@lucid-is.com).
The bank is based in Edinburgh.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.