Lloyds TSB Bank said its new bond offers a fixed rate of 5.5% per annum with a semi annual coupon.
The bank is offering the bond to investors starting from 8 March 2011 till 22 March 2011.
Fixed for five years and six months, the bond offers investors full capital protection at maturity. It can be bought in a minimum unit of £1000 and in increments of £100 thereafter.
The bond can be held as a direct investment, in a SIPP or ISA, providing it has a maturity of more than five years at the time of purchase, the bank said.
The bond will be eligible for trading on the London Stock Exchange’s dedicated electronic Order book for Retail Bonds (ORB), according to the bank.
