30th Oct 2007 10:22
Tesco PLC30 October 2007 30 October 2007 Bond Issue On the 29 October 2007, Tesco plc priced a US Dollar denominated issue of notes("the Notes"), raising net proceeds of approximately $2,000 million, issued via144A/Reg S. The Notes will be issued by Tesco plc. The Offering Memorandum forthe Notes will be submitted to the UK Listing Authority. The 10-year Notes consist of $850million aggregate principal amount paying5.500% interest and maturing on 15 November 2017. The 30-year Notes consist of$1,150million aggregate principal amount paying 6.150% interest and maturing on15 November 2037. It is expected that the net proceeds of the offering will beused to refinance certain short-term indebtedness of the issuer and for generalcorporate purposes. The offering closed on 29 October 2007. This new issue represents Tesco's first US$ bond issue. Tesco have chosen toissue in the US Dollar market because they want to introduce US bond investorsto Tesco, establish themselves in a new market, and diversify their investorbase. Please note that the information contained in the Offering Memorandum for theNotes may be addressed to and/or targeted at persons who are residents ofparticular countries only and is not intended for use and should not be reliedupon by any person outside these countries and/or to whom the offer contained inthe Offering Memorandum is not addressed. Prior to relying on the informationcontained in the Offering Memorandum you must ascertain from the OfferingMemorandum whether or not you are part of the intended addressees of theinformation contained therein. Enquiries: Steve Webb, Tesco, Investor Relations Tel: 019 9264 4800Jonathan Church, Tesco, Press & Media Tel: 019 9264 6606Myles McBride, Citi Tel: 020 7986 8969John Mayne, JPMorgan Cazenove Tel: 020 7155 4917 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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