Do any of you have any views as to the price being offered by LBG which is out today. I guess it comes down to the current yield based on your purchase price (mine was 95.75 in 2013) and your view as to the direction of travel of the SP given the likely interest rate rises - probably in 2022 now that the BoE has failed to grasp the nettle.
The epic for these I believe is LLPE ie LBG 6.475% non cum irredeemable preference shares. I hold these on HL who quotes 107 sell 113 buy compared with the offer price of 112.050 incl accrued dividend. At least that's what I think reading through RNS.
Divi is due 15th March and September so 56 days accrued (to today) so about 99p if my maths are up to the mark.
Looks like LBG are only offering only just above mid market price
I should of course say that this is not a compulsory tender merely a way out for those who want out
Thoughts from anybody?