PRS Finance PLC New Bond Programme (7527Z)
September 22 2020 - 8:10AM
UK Regulatory
TIDM55AN
RNS Number : 7527Z
PRS Finance PLC
22 September 2020
Issuer: PRS Finance plc
Date: 22 September 2020
PRS FINANCE PLC
(the "Issuer")
(incorporated with limited liability in England and Wales
with registration number 09331085)
GBP3,500,000,000
Guaranteed Secured Bond Programme
This announcement is released by PRS Finance plc and contains
inside information for the purposes of Article 7 of the Market
Abuse Regulation (EU) 596/2014 (MAR). For the purposes of MAR and
Article 2 of the Commission Implementing Regulation (EU) 2016/1055,
this announcement is made by Susan Abrahams on behalf of Intertrust
Directors 1 Limited as Director of PRS Finance plc .
Publication of Pricing Supplements
The Issuer is pleased to announce today the publication of the
pricing supplement dated [21] September 2020 (the "2029 Pricing
Supplement") in relation to the issue of GBP74,103,000 2.000 per
cent. guaranteed secured bonds due 2029 (the "2029 Bonds") under
the guaranteed secured bond programme (the "Programme") established
by the Issuer for the issue of bonds unconditionally and
irrevocably guaranteed by the Secretary of State for Housing,
Communities and Local Government. The 2029 Bonds are intended to be
consolidated and form a single series with the GBP452,738,000 2.000
per cent. guaranteed secured bonds due 2029 which were issued by
the Issuer under the Programme on 23 January 2019, 31 May 2019, 15
May 2020 and 5 June 2020 (the "2029 Existing Bonds").
The Issuer is pleased to announce today the publication of the
pricing supplement dated [21] September 2020 (the "2034 Pricing
Supplement" together with the 2029 Pricing Supplement, the "Pricing
Supplements") in relation to the issue of GBP57,564,000 1.500 per
cent. guaranteed secured bonds due 2034 (the "2034 Bonds") under
the Programme established by the Issuer for the issue of bonds
unconditionally and irrevocably guaranteed by the Secretary of
State for Housing, Communities and Local Government. The 2034 Bonds
are intended to be consolidated and form a single series with the
GBP250,000,000 1.500 per cent. guaranteed secured bonds due 2034
which were issued by the Issuer under the Programme on 5 May 2020
(the "2034 Existing Bonds" together with the 2029 Existing Bonds,
the "Existing Bonds").
Application has been made to the Financial Conduct Authority for
the Bonds to be listed on the Official List, and to the London
Stock Exchange for the Bonds to be admitted to trading. The
Existing Bonds are already listed on the regulated market of the
London Stock Exchange.
To view the programme memorandum issued by the Issuer in respect
of the Programme on 23 July 2018 (the "Programme Memorandum") and
the Pricing Supplements, please paste the following URLs into the
address bar of your browser.
Please read the disclaimer below "Disclaimer - Intended
Addressees" before attempting to access this service, as your right
to do so is conditional upon complying with the requirements set
out below.
2029 Pricing Supplement:
http://www.rns-pdf.londonstockexchange.com/rns/7527Z_1-2020-9-22.pdf
2034 Pricing Supplement:
http://www.rns-pdf.londonstockexchange.com/rns/7527Z_2-2020-9-22.pdf
Programme Memorandum:
http://www.rns-pdf.londonstockexchange.com/rns/5038V_1-2018-7-23.pdf
Copies of each of the Programme Memorandum and the Pricing
Supplements have been submitted to the National Storage Mechanism
and will shortly be available for inspection at:
www.morningstar.co.uk/uk/NSM .
For further information, please contact Venn Partners.
Email: prs@venn-partners.com
Tel: +44 (0)20 7073 9350
DISCLAIMER - INTENDED ADDRESSEES
Please note that the information contained in the Programme
Memorandum and the Pricing Supplements may be addressed to and/or
targeted at persons who are residents of particular countries
(specified therein) only and are not intended for use and should
not be relied upon by any person outside these countries and/or to
whom any offer of bonds under the Programme is not addressed. Prior
to relying on the information contained in the Programme Memorandum
and the Pricing Supplements, you must ascertain whether or not you
are part of the intended addressees of the information contained
therein.
This announcement does not constitute an offering of securities
and is not for distribution in the United States. The securities
described in the Programme Memorandum and the Pricing Supplements
(the "Securities") have not been, and will not be, registered under
the U.S. Securities Act of 1933, as amended (the "Securities Act"),
or under any relevant securities laws of any state of the United
States of America and are subject to U.S. tax law requirements.
Subject to certain exceptions, the Securities may not be offered or
sold directly or indirectly within the United States or to, or for
the account or benefit of, U.S. persons or to persons within the
United States of America, as such terms are defined in Regulation S
under the Securities Act. Any forwarding, distribution or
reproduction of the Programme Memorandum in whole or in part is
prohibited. Failure to comply with this notice may result in a
violation of the Securities Act or the applicable laws of other
jurisdictions. There will be no public offering of the Securities
in the United States.
Your right to access this service is conditional upon complying
with the above requirements. In particular, your accessing this
service will constitute your representation that you are not in the
United States and you are not a U.S. person within the meaning of
Regulation S under the Securities Act and the U.S. Internal Revenue
Code and regulations thereunder.
END
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END
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