Tesco Announces New Bond Issue

RNS Number : 9569S

Tesco PLC

29 November 2011

 



NOT FOR RELEASE, DISTRIBUTION OR PUBLICATION IN WHOLE OR IN PART IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA OR JAPAN

29 November 2011

Tesco Announces New Bond Issue

Tesco announces the launch and pricing of a US$ denominated bond issue in a two-tranche transaction comprising 3-year and 5-year senior notes (the "Notes") to be issued by Tesco plc (the "Company"). The Final terms for the Notes will be submitted to the UK Listing Authority.

The Notes consist of US$500 million aggregate principal amount paying interest at 2.00% per annum, and maturing on 5 December 2014 and US$500 million aggregate principal amount paying interest at 2.70% per annum, and maturing on 5 January 2017.

Tesco will use the net proceeds of the offering for general corporate purposes, including the refinancing of certain existing debt.

Enquiries:

Investors:
Steve Webb, Investor Relations Director	[phone]
Chris Griffith, Investor Relations Director	[phone]
Media:
Trevor Datson, Group Media Director	[phone]

Notes:

1.   Neither the content of the Company's website nor the content of any other website accessible from hyperlinks on the Company's website is incorporated into, or forms part of, this announcement.

2.   This press release is for information purposes only and does not constitute a prospectus or offering memorandum or an offer to acquire any securities and is not intended to provide the basis for any credit or any other third party evaluation of the Notes (the "Securities") or the transaction (the "Transaction") and should not be considered as a recommendation that any investor should subscribe for or purchase any of the Securities. Any investor who subsequently acquires the Securities must rely solely on the final prospectus published by the Company in connection with the Transaction, on the basis of which alone purchases of or subscription for the Securities may be made.

3.   The securities referred to herein have not been and will not be registered under the US Securities Act of 1933 (the "Securities Act") or any relevant securities laws of any state or other jurisdiction and may not be offered or sold in the United States absent registration or an exemption from the registration requirements of the Securities Act. There will be no public offer of securities in the United States.

4.   Members of the general public are not eligible to take part in the Transaction. This announcement is intended for distribution in the United Kingdom only to (i) persons who have professional experience in matters relating to investments falling within Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the Order); or (ii) high net worth entities falling within Article 49(2)(a) to (d) of the Order or to those persons to whom it can otherwise lawfully be distributed (all such persons together in (i) and (ii) being referred to as "relevant persons"). This document must not be acted or relied upon by persons other than relevant persons and is to be kept confidential.  By accepting this material the recipient confirms that he or she is a relevant person. Any investment or investment activity to which this document relates is available only to relevant persons and will be engaged in only with such persons.

5.   This press release does not constitute an offer to sell or the solicitation of an offer to buy debt securities in the United States or any other jurisdiction.

 

END

 

 

MSCEAEFNAANFFFF