Rabobank International London Pre-Stabilisation Notice Tesco bond (4469Q)
20 February 2023 - 9:15PM
UK Regulatory
TIDM3T8E
RNS Number : 4469Q
Rabobank International London
20 February 2023
PRE-STABILISATION ANNOUNCEMENT
20 February 2023
Not for distribution, directly or indirectly, in or into the
United States or any jurisdiction in which such distribution would
be unlawful.
Issuer: Tesco Corporate Treasury Services PLC
Stabilisation Notice
Rabobank London Branch Bond Syndicate Desk (contact: Harman
Dhami; telephone: +4402076649738), hereby gives notice that the
Stabilising Managers named below may stabilise the offer of the
following securities in accordance with Commission Regulation (EC)
No. 2273/2003 implementing the Market Abuse Directive
(2003/6/EC).
The Notes:
Issuer: Tesco Corporate Treasury Services PLC
---------------------------------------------
Aggregate Nominal EUR 500m
amount GBP 250m
---------------------------------------------
Description: EUR Fixed Rate Notes due 2031
GBP Fixed Rate Notes due 2035
---------------------------------------------
Reoffer price: TBC
---------------------------------------------
Other offer terms: Denoms EUR 100K + 1K
Denoms GBP 100K + 1K
---------------------------------------------
Stabilisation:
Stabilising Manager(s): Coordinating Stabilisation Manager:
Coöperatieve Rabobank U.A. (Rabobank)
Stabilising Managers:
Rabobank
BNP Paribas
Santander
Standard Chartered Bank
---------------------------------------------
Stabilisation period 20 February 2023
expected to start
on:
---------------------------------------------
Stabilisation period 20 March 2023
expected to end no
later than:
---------------------------------------------
Existence, maximum The Stabilising Managers may over-allot the
size and conditions notes to the extent permitted in accordance
of use of over-allotment with applicable law.
facility.
---------------------------------------------
In connection with the offer of the above described notes, the
Stabilising Managers may over-allot the notes or effect
transactions with a view to supporting the market price of the
notes at a level higher than that which might otherwise prevail for
the limited period described above. However, there is no assurance
that the Stabilising Managers will undertake any stabilisation
action. Any stabilisation action, if begun, may be ended at any
time. Any stabilisation action or over-allotment shall be conducted
in accordance with all applicable laws and rules.
Important notice
This announcement is for information purposes only and does not
constitute an invitation or offer to underwrite, subscribe for or
otherwise acquire or dispose of any securities of the Issuer in any
jurisdiction.
This announcement and the offer of the notes 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 (together with any applicable implementing measures in
any Member State, the "Prospectus Directive") before the
publication of a prospectus in relation to the notes 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 notes for sale into the
United States. The notes 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 notes
in the United States.
This announcement is provided by Rabobank
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END
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