Capital/Financing Update • Nov 27, 2013
Capital/Financing Update
Open in ViewerOpens in native device viewer
25 November 2013
Issue of EUR 50.400.000 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"), the EUR 70,000,000 2.875% Notes due 5 December 2023 Series 25 issued on 3 July 2013 (the "Tranche 2 Notes"), the EUR50,000,000 2.875% Notes due 5 December 2023 Series 25 issued on 21 October 2013 (the "Tranche 3 Notes") and the EUR16,000,000 2.875% Notes due 5 December 2023 Series 25 issued on 21 October 2013 (the "Tranche 4 Notes" and together with the Tranche 1 Notes, the Tranche 2 Notes and the Tranche 3 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: | 5 | ||
| 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: | 350,400,000 | |
| (ii) | Tranche: | 50,400,000 | |
| Issue Price: | 97.526 per cent. of the Aggregate Nominal |
| Amount of the Tranche plus EUR 690,756.16 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: | 26 November 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 20 February 2013 (Board Authorisation) and 14 November 2013 (Decision to Issue) |
|
| Date(s) of relevant corporate authorisations for issuance of Notes: |
$\mathcal{L}$
| 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 14.4144 per Calculation Amount. |
|
| Day Count Fraction: | Actual/Actual (ICMA) (unadjusted) |
| Determination Date(s): | 5 December in each year | |
|---|---|---|
| Floating Rate Note Provisions | Not Applicable | |
| Zero Coupon Note Provisions | Not Applicable |
| 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
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):
Redenomination:
Not Applicable
No
Signed on behalf of the Issuer: By: Duly authorised
Yann LANGLAIS
Authorised Signatory
Admission to trading: $(i)$
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, the Tranche 2 Notes, the Tranche 3 Notes and the Tranche 4 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:
3.1669 per cent. per annum
The yield is calculated at the Issue Date on the basis of the Issue Price. It is not an indication of future yield.
| ISIN Code: | 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: |
|||
|---|---|---|---|---|
| XS0996424759 | ||||
| Thereafter, they will assume the same ISIN Code as the Existing Notes as follows: |
||||
| XS0938999629 | ||||
| Common Code: | 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: |
|||
| 099642475 | ||||
| Thereafter, they will assume the same Common Code as the Existing Notes as follows: |
||||
| 093899962 | ||||
| Book-entry clearing systems: | Euroclear Bank S.A./N.V./Clearstream Banking, société anonyme |
|||
| Delivery: | Delivery against payment | |||
| Names and addresses of additional Paying Agent(s) (if any): |
Not Applicable | |||
| U.S. SELLING RESTRICTIONS | ||||
U.S. Selling Restrictions: TEFRA D
6.
Building tools?
Free accounts include 100 API calls/year for testing.
Have a question? We'll get back to you promptly.