HBOS Capital Funding No. 1 L.P. HBOS plc - Lloyds Banking Group

(4) The Subordinated Dated Loan Capital was comprised as follows:
As at
31 December
2002
£ millions
US$300 million 8.80% Notes 2004************************************************************** 186
£400 million 8.75% Subordinated Notes 2006***************************************************** 400
US$150 million 8.85% Notes 2006************************************************************** 93
£75 million 9.125% Subordinated Notes 2006***************************************************** 75
£60 million 9.00% Instruments 2006 ************************************************************ 60
4650 million 4.75% Subordinated Bonds 2009 **************************************************** 423
US$500 million Floating Rate Subordinated Step-up Callable Notes 2009 ****************************** 310
4500 million 5.50% Instruments 2009 *********************************************************** 325
£75 million Floating Rate Subordinated Notes 2009 ************************************************ 75
US$500 million Notes 2010* ****************************************************************** 310
£75 million Floating Rate Instruments 2010 ****************************************************** 75
US$150 million Notes 2011* ****************************************************************** 93
47 million Floating Rate Notes 2011 ************************************************************ 5
4750 million Subordinated Fixed Rate Notes 2012 ************************************************* 488
US$450 million Subordinated Floating Rate Notes 2012 ******************************************** 279
£200 million Floating Rate Step-up Callable Subordinated Notes 2012********************************* 200
412.8 million 6.25% Instruments 2012 *********************************************************** 8
A$75 million Callable Notes 2012 ************************************************************** 26
41,000 Subordinated Callable Fixed/Floating Rate Instruments 2013*********************************** 651
4325 million 6.125% Notes 2013 *************************************************************** 212
£250 million 11% Subordinated Bonds 2014 ****************************************************** 250
£150 million 10.5% Subordinated Bonds 2018 **************************************************** 150
£250 million 6.375% Instruments 2019 ********************************************************** 250
£500 million 9.375% Subordinated Bonds 2021 *************************************************** 500
4400 million 6.45% Eurodated Floating Subordinated Guaranteed Bonds 2023** ************************ 261
Unamortised premiums, discounts and issue costs************************************************** (15)
5,690
* These notes, the proceeds of which are on-lent to Bank of Scotland, are liabilities of wholly-owned subsidiaries of Bank of
Scotland and are guaranteed unconditionally by the Bank of Scotland on a subordinated basis.
** CMIG has provided a subordinated guarantee to CMF in relation to the issue by CMF of 6.45% Eurodated Floating Subordinated
Guaranteed Bonds 2023.
(5) Save for £603 million of the HBOS Group’s debt securities in issue which are unguaranteed but secured on advances to customers and
certain other assets of the HBOS Group, and £9,286 million of the HBOS Group’s debt securities in issue which are unguaranteed but
secured on asset backed securities of the HBOS Group, none of the other borrowings listed are secured or guaranteed. As at
31 December 2002, the HBOS Group had contingent liabilities (including guarantees) of £2,829 million. No account has been taken of
intra group guarantees.
(6) On 12 March 2003, HBOS announced its intention to issue, on or around 20 March 2003, 41,000,000,000 4.875%. Subordinated
Notes due 2015.
(7) There has been no material change in the capitalisation, indebtedness and contingent liabilities (including guarantees) of HBOS Group
since 31 December 2002.
20