The third redemption date for Scottish Widows Group Limited loan notes, the result of the transfer i...
The third redemption date for Scottish Widows Group Limited loan notes, the result of the transfer in 1999 of Scottish Widows Fund to Lloyds TSB, is 31 March 2002. Loan note holders need to submit their redemption instructions by 1 March 2002 in order to redeem in March 2002. The interest rate payable on the loan notes over the current interest period is 3.98% per year. Scottish Widows has so far issued more than £530m to loan note holders who opted to redeem either all or part of their holding. A cheque for the face value of any loan notes redeemed in March will be posted on 27 ...
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