Capital/Financing Update • Nov 23, 2013
Capital/Financing Update
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18 October 2013
Issue of EUR50,000,000 2.875% Notes due 5 December 2023 (the "Notes") to be consolidated and form a single series with the existing EUR 164,000,000 2.875% Notes due 5 December 2023 Series 25 issued on 5 June 2013 (the "Tranche 1 Notes") and the EUR 70,000,000 2.875% Notes due 5 December 2023 Series 25 issued on 3 July 2013 (the "Tranche 2 Notes" and together with the Tranche 1 Notes, the "Existing Notes") issued pursuant to the EUR 15,000,000,000 Euro Medium Term Note Programme
Terms used in this document are deemed to be defined as such for the purposes of the Conditions set forth in the base prospectus dated 19 September 2012 and the supplemental prospectus dated 22 March 2013 (the "Conditions") and incorporated by reference into the Base Prospectus dated 17 July 2013 and supplement to it dated 5 August 2013. This document constitutes the Final Terms of the Notes described in it for the purposes of Article 5.4 of Prospectus Directive (Directive 2003/71/EC) (the "Prospectus Directive") and must be read in conjunction with the Prospectus 17 July 2013 and supplement to it dated 5 August 2013, which together constitute a base prospectus for the purposes of the Prospectus Directive (the "Base Prospectus"), including the Conditions which are extracted from the base prospectus dated 19 September 2012 and the supplement to it dated 5 August 2013. Full information on the Issuer and the offer of the Notes is only available on the basis of the combination of these Final Terms and the Base Prospectus.
| (1) | Series Number: | 25 | |
|---|---|---|---|
| Tranche Number: | 3 | ||
| The Notes will be consolidated and form a single series with the Existing Notes 40 days after the Issue Date. |
|||
| Specified Currency: | Euro ("EUR") | ||
| Aggregate Nominal Amount of Notes admitted to trading: |
|||
| (i) | Series: | 284,000,000 | |
| (ii) | Tranche: | 50,000,000 | |
| Issue Price: | 94.945 per cent. of the Aggregate Nominal Amount of the Tranche plus EUR 543,493.15 accrued interest for the period from, and including 5 June 2013 to, but excluding, the |
| Issue Date. | ||
|---|---|---|
| (2) | Specified Denominations: | EUR 100,000 and higher integral multiples of $€1,000$ in excess thereof |
| Calculation Amount: | EUR 1,000 | |
| (3) | Issue Date: | 21 October 2013 |
| Interest Commencement Date: | 5 June 2013 | |
| Maturity Date: | 5 December 2023 | |
| Interest Basis: | 2.875 per cent. Fixed Rate (further particulars specified below), see "Provisions to Interest (if any) Payable" |
|
| Redemption/Payment Basis: | Subject to any purchase and cancellation or early redemption, the Notes will be redeemed on the Maturity Date at par. |
|
| Change of Interest Basis: | Not Applicable | |
| Put/Call Options: | Not Applicable | |
| Date(s) of relevant corporate authorisations for issuance of Notes: |
20 February 2013 (Board Authorisation) and 14 October 2013 (Decision to Issue) |
|
| PROVISIONS RELATING TO INTEREST (IF ANY) PAYABLE | ||
| Fixed Rate Note Provisions | Applicable | |
| Rate(s) of Interest: | 2.875 per cent., per annum payable in arrear on each Interest Payment Date |
|
| Interest Payment Date(s): | 5 December in each year commencing on 5 December 2013 up to, and including, the Maturity Date, in each case in accordance with the Following Business Day Convention. |
|
| Fixed Coupon Amount(s): | EUR 28.75 per Calculation Amount | |
| Broken Amount(s): | On the first Interest Payment Date falling on 5 December 2013, the following Broken Amount shall be due on the Notes: EUR |
Day Count Fraction:
Determination Date(s):
Floating Rate Note Provisions
14.4144 per Calculation Amount.
5 December in each year
Not Applicable
Actual/Actual (ICMA) (unadjusted)
| Zero Coupon Note Provisions | Not Applicable | |||
|---|---|---|---|---|
| PROVISIONS RELATING TO REDEMPTION | ||||
| Call Option: | Not Applicable | |||
| Put Option: | Not Applicable | |||
| Final Redemption Amount of each Note: | At par | |||
| Early Redemption Amount of each Note payable on redemption for taxation reasons or on event of default or other early redemption: |
At par | |||
| GENERAL PROVISIONS APPLICABLE TO THE NOTES | ||||
| Form of Notes: | Bearer Notes: | |||
| Temporary Bearer Global Note exchangeable for a Permanent Bearer Global Note which is exchangeable for Definitive Notes only upon an Exchange Event |
||||
| Financial Centre(s): | Not Applicable | |||
| Talons for future Coupons to be attached to Definitive Notes (and dates on which such Talons mature): |
No | |||
| Redenomination: | Not Applicable | |||
| Signed on behalf of the Issuer: By: LANGLAIS Yann Duly authorised |
$(i)$ Admission to trading:
Application is expected to be made by the Issuer (or on its behalf) for the Notes to be admitted to trading on the London Stock Exchange with effect from the Issue Date.
The Tranche 1 Notes and the Tranche 2 Notes are already listed and admitted to trading on the London Stock Exchange.
Estimate of total expenses related to $(ii)$ admission to trading:
GBP 2,700
Ratings:
The Notes to be issued are expected to be rated:
$S & P: BBB$
Moody's: Baa2
Save as discussed in "Subscription and Sale and Transfer and Selling Restrictions", so far as the Issuer is aware, no person involved in the offer of the Notes has an interest material to the offer". The Dealer and its affiliates have engaged, and may in the future engage, in investment banking and/or commercial banking transactions with, and may perform other services for, the Issuer and its affiliates in the ordinary course of business.
Indication of yield:
ISIN Code:
3.475 per cent. per annum
The vield is calculated at the Issue Date on the basis of the Issue Price. It is not an indication of future yield.
Until the Notes have been consolidated and form a single series with the Existing Notes 40 days after the Issue Date, they will be assigned a Temporary ISIN Code as follows:
XS0984042449
Thereafter, they will assume the same ISIN Code as the Existing Notes as follows:
XS0938999629
Until the Notes have been consolidated and form a single series with the Existing Notes 40 days after the Issue Date, they will be assigned a Temporary Common Code as follows:
098404244
Thereafter, they will assume the same Common Code as the Existing Notes as follows:
Euroclear Bank S.A./N.V./Clearstream
093899962
Book-entry clearing systems:
Delivery:
Common Code:
Names and addresses of additional Not Applicable Paying Agent(s) (if any):
Delivery against payment
Banking, société anonyme
U.S. Selling Restrictions:
TEFRAD
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