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Halifax 9 3/8 pecent (Perpetual Subordinated Bonds (prev. B'Ham Midshires)     

mpw777 - 14 Nov 2009 15:36

I bought (in 1997) PIBS of B'Ham MIdshires and gained the demutualisation benefits for my self and others to whom I gifted some of the Pibs
"B/M." taken over by Halifax and now in the Lloyds Bank stable.
Any comment guidance on the current exchange offer . Looks to me that one should aim for the ECN's for which up to (now) 7.5 billion are available for this and other classes of Lloys instrument holders. However should I go for OPTION 3 where i opt for ECN's, if failing , for (the balance) into the Relevent Exchange Consideration Amount
Surprised not to find a thread already on this topic

mpw777 - 16 Nov 2009 10:25 - 2 of 3

ANY ADVICE PLEASE AS TIME IS SHORT.
I AM PARTICULARILY INTERESTED AS TO THE LIKELY AMOUNT OF THE "RELEVENT EXCHANGE CONSIDERATION AMOUNT"

The Other Kevin - 16 Nov 2009 11:10 - 3 of 3

There's more than a couple of threads
on the other side
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