National Australia Bank (London) Pre-Stabilisation Notice (6576U)

TIDM38DO

RNS Number : 6576U

National Australia Bank (London)

19 January 2017

19(th) January 2017

Thames Water Utilities Cayman Finance Ltd

Stabilisation Notice

National Australia Bank Limited (contact: Nigel Owen; telephone: +44 207 710 1509) hereby gives notice, as Stabilisation Coordinator, that the Stabilisation Manager(s) named below may stabilise the offer of the following securities in accordance with Commission Delegated Regulation (EU) 2016/1052 of 8 March 2016 supplementing Regulation (EU) No 596/2014.

 
The securities: 
                     ------------------------------- 
Issuer:              Thames Water Utilities Cayman 
                      Finance Ltd 
-------------------  ------------------------------- 
Guarantor (if any):  Thames Water Utilities Holdings 
                      Limited 
                      Thames Water Utilities Limited 
                      Thames Water Utilities Finance 
                      Limited 
                      Thames Water Utilities Cayman 
                      Finance Holdings Limited 
-------------------  ------------------------------- 
Aggregate nominal    7-year : GBP 250,000,000 
 amount:              15-year : GBP 250,000,000 
-------------------  ------------------------------- 
Description:         GBP 250,000,000 1.875% Class 
                      A, Reg S bonds due 24 January 
                      2024 
                      GBP 250,000,000 2.625% Class 
                      A, Reg S bonds due 24 January 
                      2032 
-------------------  ------------------------------- 
Offer price:         7-year : 99.367 
                      15-year : 99.245 
-------------------  -------------------------------

Stabilisation:

 
Stabilising Manager(s):    NAB 
-------------------------  ----------------------------------- 
Stabilisation period       17th Jan 2017 
 expected to start 
 on: 
-------------------------  ----------------------------------- 
Stabilisation period       17th Feb 2017 
 expected to end no 
 later than: 
-------------------------  ----------------------------------- 
Existence, maximum         The Stabilising Managers may 
 size & conditions          over-allot the securities to 
 of use of over-allotment   the extent permitted in accordance 
 facility:                  with applicable law. 
-------------------------  ----------------------------------- 
Stabilisation Venue(s)     Over the counter (OTC) 
-------------------------  -----------------------------------

In connection with the offer of the above securities, the Stabilisation Manager may over-allot the securities or effect transactions with a view to supporting the market price of the securities at a level higher than that which might otherwise prevail. However, there is no assurance that the Stabilisation Manager will take any stabilisation action and any stabilisation action, if begun, may be ended at any time. Any stabilisationaction or over-allotment shall be conducted in accordance with all applicable laws and rules.

This announcement and the offer of the securities to which it relates are only addressed to and directed at persons outside the United Kingdom and persons in the United Kingdom who have professional experience in matters related to investments or who are high net worth persons within article 12(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 and must not be acted on or relied on by other persons in the United Kingdom.

In addition, if and to the extent that this announcement is communicated in, or the offer of the securities to which it relates is made in, any EEA Member State that has implemented Directive 2003/71/EC, as amended (together with any applicable implementing measures in any Member State, the "Prospectus Directive") before the publication of a prospectus in relation to the securities which has been approved by the competent authority in that Member State in accordance with the Prospectus Directive (or which has been approved by a competent authority in another Member State and notified to the competent authority in that Member State in accordance with the Prospectus Directive), this announcement and the offer are only addressed to and directed at persons in that Member State who are qualified investors within the meaning of the Prospectus Directive (or who are other persons to whom the offer may lawfully be addressed) and must not be acted on or relied on by other persons in that Member State.

This announcement is not an offer of securities for sale into the United States. The securities have not been, and will not be, registered under the United States Securities Act of 1933 and may not be offered or sold in the United States absent registration or an exemption from registration. There will be no public offer of securities in the United States.

This information is provided by RNS

The company news service from the London Stock Exchange

END

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January 19, 2017 11:18 ET (16:18 GMT)

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