Amount: £700m lower tier two capital
Maturity: 30 May 2017
Issue/re-offer price: 99.806
Coupon: 6.125% until 16 May 2012; if not called coupon steps up to one month Libor plus 56bp
Call option: at par on 16 May 2012 and 30 August 2012Spread at re-offer: 72bp over the 5% March ...
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