TIDMBK64
RNS Number : 4511A
Thames Water Utilities Finance PLC
22 January 2024
THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES
OF ARTICLE 7 OF THE MARKET ABUSE REGULATION (EU) 596/2014.
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN OR INTO OR TO
ANY PERSON LOCATED OR RESIDENT IN, OR AT ANY ADDRESS IN, THE UNITED
STATES OF AMERICA , ITS TERRITORIES AND POSSESSIONS, ANY STATE OF
THE UNITED STATES OF AMERICA OR THE DISTRICT OF COLUMBIA (THE
"UNITED STATES") OR IN OR INTO OR TO ANY PERSON RESIDENT OR LOCATED
IN ANY OTHER JURISDICTION WHERE IT IS UNLAWFUL TO RELEASE, PUBLISH
OR DISTRIBUTE THIS ANNOUNCEMENT .
Thames Water Utilities Finance plc announces a Tender Offer in
respect of its Class A GBP500,000,000 4 per cent. Guaranteed
Unwrapped Bonds due June 2025* (ISIN: XS1078777114) and proposed
issue of new sterling denominated fixed rate notes (the "New
Notes")
22 January 2024. Thames Water Utilities Finance plc [1] (the "
Company ") announces today an invitation to the holders of its
outstanding Class A GBP500,000,000 4 per cent. Guaranteed Unwrapped
Bonds due June 2025 (ISIN: XS1078777114) (the " Notes ") to tender
their Notes for purchase by the Company for cash (the " Offer
").
The Offer is being made on the terms and subject to the
conditions including, without limitation, the New Financing
Condition (as defined below), contained in a tender offer
memorandum dated 22 January 2024 (the " Tender Offer Memorandum ")
prepared by the Company, and is subject to the offer restrictions
set out below and as more fully described in the Tender Offer
Memorandum.
Copies of the Tender Offer Memorandum are (subject to
distribution restrictions) available from the Tender Agent as set
out below. Capitalised terms used in this announcement but not
defined herein have the meanings given to them in the Tender Offer
Memorandum.
Summary of the Offer
Description of ISIN/ Outstanding Benchmark Security Purchase Spread Maximum Acceptance
the Notes Common Code Nominal Amount Amount
Class A XS1078777114/ GBP500,000,000 0.625 per cent. UK +245 basis points Subject as set out
GBP500,000,000 107877711 Treasury due 7 June in the Tender Offer
4 per cent. 2025 Memorandum, an
Guaranteed (ISIN: GB00BK5CVX03) aggregate nominal
Unwrapped Bonds amount expected to
due June 2025 be equal to or less
than the aggregate
nominal amount of
the New Notes (as
defined herein)
and to be announced
as soon as
reasonably
practicable after
the pricing of the
New Notes,
subject to the
right of the
Company to increase
or decrease such
amount in its sole
and absolute
discretion
-------------- ------------------ --------------------- ------------------ --------------------
*The Notes were initially issued by Thames Water Utilities
Cayman Finance Limited, which has been substituted by the Company
as issuer.
Rationale for the Offer
The purpose of the Offer and the planned issuance of New Notes
(as defined below) is, amongst other things, to optimise the
Company's debt maturity profile. Furthermore, the Offer will
provide liquidity to those holders whose Notes are accepted and
purchased in the Offer.
The Company intends to cancel any Notes purchased by the Company
pursuant to the Offer following the Settlement Date (as defined
below).
Purchase Price and Accrued Interest Payment
Subject to the terms and conditions of the Offer (including the
satisfaction or waiver of the New Financing Condition) as set out
herein, the Company will, on the Settlement Date, pay for Notes
validly tendered and accepted for purchase by the Company pursuant
to the Offer:
(i) the relevant cash purchase price (the "Purchase Price")
expressed as a percentage of the nominal amount thereof, to be
determined at the Pricing Time by reference to the annualised sum
(the "Purchase Yield") of the Purchase Spread and the Benchmark
Security Rate; and
(ii) the relevant Accrued Interest Payment.
The final determination of the Purchase Price will be made in
accordance with standard market convention (rounded to the nearest
0.001 per cent., with 0.0005 per cent. rounded upwards) at or
around 11:00 a.m. (London time) (the "Pricing Time") on 29 January
2024 (the "Pricing Date"), and is intended to reflect a yield to
maturity of the Notes on the Settlement Date equal to the Purchase
Yield. Specifically, the Purchase Price will equal (a) the value of
all remaining payments of principal and interest on the Notes up to
and including the maturity date for the Notes, discounted to the
Settlement Date at a discount rate equal to the Purchase Yield,
minus (b) the Accrued Interest. The determination of the Purchase
Price in respect of the Notes will, in the absence of manifest
error, be final and binding on all parties.
Maximum Acceptance Amount and Scaling
If the Company decides, in its sole and absolute discretion, to
accept any validly tendered Notes for purchase pursuant to the
Offer, it will, at its sole and absolute discretion, accept for
purchase pursuant to the Offer a nominal amount of Notes which is
equal to or less than the aggregate nominal amount of the New Notes
to be issued (the " Maximum Acceptance Amount " ). The Company will
announce the Maximum Acceptance Amount as soon as is reasonably
practicable following pricing of the New Notes, which is expected
to be during the period of the Offer, although the Company reserves
the right, in its sole and absolute discretion, to accept
significantly more or less than such amount, or to accept none of
such Notes, for purchase pursuant to the Offer (the final aggregate
nominal amount of Notes accepted for purchase pursuant to the Offer
being the " Final Acceptance Amount " ).
If the Company decides to accept any Notes for purchase pursuant
to the Offer and the aggregate nominal amount of the Notes validly
tendered for purchase is greater than the Final Acceptance Amount,
the Company intends to accept such Notes for purchase on a pro rata
basis such that the aggregate nominal amount of Notes accepted for
purchase pursuant to the Offer is no greater than the Final
Acceptance Amount. See "Further Information and Terms and
Conditions - Maximum Acceptance Amount, Final Acceptance Amount and
Scaling of Tenders" in the Tender Offer Memorandum.
New Financing Condition
The Company announced today its intention to issue one or more
new series of sterling-denominated fixed rate notes (the "New
Notes") under its GBP15,000,000,000 Guaranteed Bond Programme,
subject to market conditions. The New Notes are intended to be
subscribed for by the joint bookrunners appointed in respect of the
offering of the New Notes, and application will be made for the New
Notes to be admitted on issue to the Official List of the FCA and
to trading on the London Stock Exchange's Main Market.
Whether the Company will accept for purchase any Notes validly
tendered in the Offer is subject, without limitation, to the
successful completion (in the sole determination of the Company) of
the issue of the New Notes (the "New Financing Condition") unless
such condition is waived in the sole and absolute discretion of the
Company.
Even if the New Financing Condition is satisfied (or waived),
the Company is not under any obligation to accept for purchase any
Notes validly tendered pursuant to the Offer. The acceptance for
purchase by the Company of Notes validly tendered pursuant to the
Offer is at the sole and absolute discretion of the Company and
tenders may be rejected by the Company for any reason.
Allocation of the New Notes
The Company may, in connection with the allocation of the New
Notes, consider among other factors whether or not the relevant
investor seeking an allocation of the New Notes has, prior to such
allocation, validly tendered or given a firm indication to the
Dealer Managers that they intend to tender their Notes pursuant to
the Offer and, if so, the aggregate nominal amount of Notes
tendered or intended to be tendered by such investor. Therefore, a
Noteholder who wishes to subscribe for New Notes in addition to
tendering its Notes for purchase pursuant to the Offer may be
eligible to receive, at the sole and absolute discretion of the
Company, priority in the allocation of the New Notes, subject to
the issue of the New Notes and to the completion of the Offer
including satisfaction (or waiver) of the New Financing Condition
and such Noteholder also making a separate application for the
purchase of such New Notes to the Dealer Managers, MUFG Securities
EMEA plc or The Toronto-Dominion Bank (in their capacity as joint
bookrunners of the issue of the New Notes) or to any other manager
of the issue of the New Notes in accordance with the standard new
issue procedures of such manager. However, the Company is not
obliged to allocate the New Notes to a Noteholder who has validly
tendered or indicated a firm intention to tender Notes pursuant to
the Offer and, if New Notes are allocated, the nominal amount
thereof may be less or more than the nominal amount of Notes
validly tendered by such holder and accepted by the Company
pursuant to the Offer. Any such allocation will also, among other
factors, take into account the minimum denomination of the New
Notes (being GBP100,000).
All allocations of the New Notes, while being considered by the
Company as set out above, will be made in accordance with customary
new issue allocation processes and procedures. In the event that a
Noteholder validly tenders Notes pursuant to the Offer, such Notes
will remain subject to such tender and the conditions of the Offer
as set out in the Tender Offer Memorandum irrespective of whether
that Noteholder receives all, part or none of any allocation of New
Notes for which it has applied.
Noteholders should note that the pricing and allocation of the
New Notes are expected to take place prior to the Expiration
Deadline for the Offer and any Noteholder that wishes to subscribe
for New Notes in addition to tendering existing Notes for purchase
pursuant to the Offer should therefore provide, as soon as
practicable, to any Dealer Manager any indications of a firm
intention to tender Notes for purchase pursuant to the Offer and
the quantum of Notes that it intends to tender.
Tender Instructions
In order to participate in, and be eligible to receive the
Purchase Price and the Accrued Interest Payment pursuant to, the
Offer, Noteholders must validly tender their Notes for purchase by
delivering, or arranging to have delivered on their behalf, a valid
Tender Instruction that is received by the Tender Agent by 4:00
p.m. (London time) on 26 January 2024, unless extended, re-opened,
amended and/or terminated as provided in the Tender Offer
Memorandum (the "Expiration Deadline"). See "Procedures for
participating in the Offer" in the Tender Offer Memorandum.
Tender Instructions will be irrevocable except in the limited
circumstances described in "Amendment and Termination" in the
Tender Offer Memorandum. A separate Tender Instruction must be
completed on behalf of each beneficial owner.
Tender Instructions must be submitted in respect of a minimum
nominal amount of Notes of no less than GBP100,000, being the
minimum denomination of the Notes , and may be submitted in
integral multiples of GBP1,000 thereafter .
Indicative Timetable for the Offer
The following sets out the expected times and dates of the key
events relating to the Offer. The times and dates below are
indicative only and subject to change.
Events Times and Dates
(all times are London time)
Commencement of the Offer
Announcement of Offer and of the Company's intention to 22 January 2024
issue New Notes, subject to market
conditions. Tender Offer Memorandum available from the
Tender Agent and notice of the Offer
delivered to the Clearing Systems for communication to
Direct Participants. Commencement of
the tender offer period.
Announcement of the Maximum Acceptance Amount
Announcement of the Maximum Acceptance Amount for the As soon as reasonably practicable following pricing of
Offer the New Notes
Expiration Deadline
Final deadline for receipt of valid Tender Instructions 4:00 p.m. (London time) on 26 January 2024
by the Tender Agent in order for Noteholders
to be able to participate in the Offer.
Announcement of Indicative Results (only if the aggregate
nominal amount of New Notes to
be issued will be less than GBP500,000,000)
Announcement of a non-binding indication of the aggregate Prior to the Pricing Time on 29 January 2024
nominal amount of Notes which the
Company expects to accept for purchase if the aggregate
nominal amount of New Notes to be
issued will be less than GBP500,000,000 and indicative
details of any pro rata scaling in
the event that the Company decides to accept valid
tenders of Notes pursuant to the Offer
and the New Financing Condition is satisfied (or waived)
on or prior to the Settlement Date.
For the avoidance of doubt, no indicative results
announcement will be made if the aggregate
nominal of New Notes to be issued will be equal to or
greater than GBP500,000,000.
Pricing Time for the Notes
Determination of the Benchmark Security Rate, and At or around 11.00 a.m. (London time) on 29 January 2024
calculation of the Purchase Price for any
Notes accepted for purchase pursuant to the relevant
Offer.
Announcement of Final Results and Pricing
Announcement of (i) whether the Company will accept As soon as reasonably practicable after the Pricing Time
(subject to satisfaction (or waiver) of
the New Financing Condition on or prior to the Settlement
Date) valid tenders of Notes for
purchase pursuant to the Offer and, if so accepted, (ii)
the Final Acceptance Amount, (iii)
details of any pro rata scaling, (iv) the Purchase Yield,
(v) the Benchmark Security Rate
and (vi) the Purchase Price for any Notes accepted for
purchase.
Expected Settlement Date
Subject to satisfaction (or waiver) of the New Financing 30 January 2024
Condition on or prior to such date,
the expected Settlement Date for the Offer.
The Company may, in its sole discretion, extend, re-open, amend,
waive any condition of or terminate the Offer at any time (subject
to applicable law and as provided in the Tender Offer Memorandum)
and the above times and dates are subject to the right of the
Company to so extend, re-open, amend and/or terminate the
Offer.
Noteholders are advised to check with any bank, securities
broker or other intermediary through which they hold Notes when
such intermediary would need to receive instructions from a
Noteholder in order for that Noteholder to be able to participate
in, or (in the limited circumstances in which revocation is
permitted) revoke their instruction to participate in, the Offer
before the deadlines specified in this announcement and the Tender
Offer Memorandum. The deadlines set by any such intermediary and
each Clearing System for the submission of Tender Instructions will
be earlier than the relevant deadlines specified above.
Announcements
Unless stated otherwise, announcements in connection with the
Offer will be made by the Company (i) by publication through the
website of the Regulatory News Service operated by the London Stock
Exchange plc and (ii) by the delivery of notices to the Clearing
Systems for communication to Direct Participants. Such
announcements may also be made on the relevant Reuters Insider
Screen and/or by the issue of a press release to a Notifying News
Service and/or by any other means. Copies of all such
announcements, press releases and notices can also be obtained upon
request from the Tender Agent, the contact details for which are
set out below. Significant delays may be experienced where notices
are delivered to the Clearing Systems and Noteholders are urged to
contact the Tender Agent for the relevant announcements during the
course of the Offer. In addition, Noteholders may contact the
Dealer Managers for information using the contact details set out
below.
Noteholders are advised to read carefully the Tender Offer
Memorandum for full details of, and information on the procedures
for, participating in the Offer.
Further Information
Questions and requests for assistance in connection with (i) the
Offer may be directed to the Dealer Managers, and (ii) the delivery
of Tender Instructions may be directed to the Tender Agent, the
contact details for which are set out below:
DEALER MANAGERS
Lloyds Bank Corporate Markets NatWest Markets Plc
plc 250 Bishopsgate
10 Gresham Street London EC2M 4AA
London EC2V 7AE United Kingdom
United Kingdom
Telephone: +44 20 7158 1726 Telephone: +44 20 7678 5222
/ 1717 Attention: Liability Management
Attention: Liability Management Email: NWMliabilitymanagement@natwestmarkets.com
Email: lbcmliabilitymanagement@lloydsbanking.com
TER AGENT
Kroll Issuer Services Limited
The Shard
32 London Bridge Street
London SE1 9SG
United Kingdom
Telephone: +44 20 7704 0880
Attention: Owen Morris
Email: thameswater@is.kroll.com
Tender Offer Website: https://deals.is.kroll.com/thameswater
MARKET ABUSE REGULATION
This announcement is released by Thames Water Utilities Finance
plc and contains information that qualified or may have qualified
as inside information for the purposes of Article 7 of the Market
Abuse Regulation (EU) 59/2014 ("MAR"), encompassing information
relating to the Offer and proposed new issue of New Notes described
above. For the purposes of MAR and Article 2 of Commission
Implementing Regulation (EU) 2016/1055, this announcement is made
by David Gregg, Director of Thames Water Utilities Finance plc.
DISCLAIMER This announcement must be read in conjunction with
the Tender Offer Memorandum. This announcement and the Tender Offer
Memorandum contain important information which should be read
carefully before any decision is made with respect to the Offer. If
any Noteholder (as defined herein) is in any doubt as to the
contents of the Tender Offer Memorandum or the action it should
take, it is recommended to seek its own financial, investment,
regulatory and legal advice, including in respect of any tax
consequences, immediately from its broker, bank manager, solicitor,
accountant or other independent financial, tax or legal adviser.
Any individual or company whose Notes are held on its behalf by a
broker, dealer, bank, custodian, trust company or other nominee or
intermediary must contact such entity if it wishes to tender such
Notes pursuant to the Offer. None of the Company, the Dealer
Managers, the Tender Agent, or any director, officer, employee,
agent, adviser or affiliate of any such person, is acting for any
Noteholder, or will be responsible to any Noteholder for providing
any protections which would be afforded to its clients or for
providing advice in relation to the Offer, and accordingly none of
the Company, the Dealer Managers, the Tender Agent, or any
director, officer, employee, agent, adviser or affiliate of any
such person has made or will make any assessment of the merits and
risks of the Offer or of the impact of the Offer on the interests
of the Noteholders either as a class or as individuals, and none of
them makes any recommendation as to whether Noteholders should
tender Notes in the Offer. None of the Company, the Dealer Managers
or the Tender Agent (or any of their respective directors,
officers, employees, agents or affiliates) is providing any
Noteholder with any legal, business, financial investment, tax or
other advice in this announcement and/or the Tender Offer
Memorandum. Noteholders should consult their own advisers as needed
to assist them in making an investment decision and to advise them
whether they are legally permitted to tender Notes for cash.
OFFER AND DISTRIBUTION RESTRICTIONS
This announcement and the Tender Offer Memorandum do not
constitute an invitation to participate in the Offer in or from any
jurisdiction in or from which, or to or from any person to or from
whom, it is unlawful to make such invitation or for there to be
such participation under applicable securities laws. The
distribution of this announcement and the Tender Offer Memorandum
in certain jurisdictions may be restricted by law. Persons into
whose possession this announcement and the Tender Offer Memorandum
comes are required by each of the Company, the Dealer Managers and
the Tender Agent to inform themselves about, and to observe, any
such restrictions.
United States: The Offer is not being made, and will not be
made, directly or indirectly in or into, or by use of the mails of,
or by any means or instrumentality of interstate or foreign
commerce of, or of any facilities of a national securities exchange
of, the United States. This includes, but is not limited to,
facsimile transmission, electronic mail, telex, telephone, the
internet and other forms of electronic communication. The Notes may
not be tendered in the Offer by any such use, means,
instrumentality or facility from or within the United States or by
persons located or resident in the United States as defined in
Regulation S of the U.S. Securities Act of 1933, as amended (the
"Securities Act"). Accordingly, copies of this announcement and the
Tender Offer Memorandum and any other documents or materials
relating to the Offer are not being, and must not be, directly or
indirectly mailed or otherwise transmitted, distributed or
forwarded (including, without limitation, by custodians, nominees
or trustees) in or into the United States. Any purported tender of
Notes in the Offer resulting directly or indirectly from a
violation of these restrictions will be invalid and any purported
tender of Notes made by a person located in the United States or
any agent, fiduciary or other intermediary acting on a
non-discretionary basis for a principal giving instructions from
within the United States will be invalid and will not be
accepted.
Neither this announcement nor the Tender Offer Memorandum is an
offer to buy or sell, or a solicitation of an offer to sell or buy,
any Notes or other securities in the United States. Securities may
not be offered or sold in the United States absent registration
under, or an exemption from the registration requirements of, the
Securities Act. The New Notes have not been, and will not be,
registered under the Securities Act or the securities laws of any
state or other jurisdiction of the United States, and may not be
offered, sold or delivered, directly or indirectly, in the United
States or to, or for the account or benefit of, any U.S. person (as
defined in Regulation S of the Securities Act).
Each holder of Notes participating in the Offer will represent
that it is not located in the United States and it is not
participating in the Offer from the United States, or it is acting
on a non-discretionary basis for a principal located outside the
United States that is not giving an order to participate in the
Offer from the United States. For the purposes of this and the
above two paragraphs, "United States" means the United States of
America, its territories and possessions, any state of the United
States of America and the District of Columbia.
Italy: None of the Offer, this announcement or the Tender Offer
Memorandum or any other documents or materials relating to the
Offer has been or will be submitted to the clearance procedures of
the Commissione Nazionale per le Società e la Borsa ("CONSOB")
pursuant to Italian laws and regulations. The Offer is being
carried out in the Republic of Italy ("Italy") as an exempted offer
pursuant to article 101-bis, paragraph 3-bis of the Legislative
Decree No. 58 of 24 February 1998, as amended (the "Financial
Services Act") and article 35-bis, paragraph 4 of CONSOB Regulation
No. 11971 of 14 May 1999, as amended (the "Issuers' Regulation").
Noteholders or beneficial owners of the Notes that are resident
and/or located in Italy may tender their Notes for purchase in the
Offer through authorised persons (such as investment firms, banks
or financial intermediaries permitted to conduct such activities in
Italy in accordance with the Financial Services Act, CONSOB
Regulation No. 20307 of 15 February 2018, as amended from time to
time, and Legislative Decree No. 385 of 1 September 1993, as
amended) and in compliance with applicable laws and regulations or
with requirements imposed by CONSOB or any other Italian
authority.
Each intermediary must comply with the applicable laws and
regulations concerning information duties vis-à-vis its clients in
connection with the Notes, the Offer and/or the Tender Offer
Memorandum.
United Kingdom: This announcement and the Tender Offer
Memorandum and any other documents or materials relating to the
Offer is not being made, and such documents and/or materials have
not been approved, by an authorised person for the purposes of
section 21 of the Financial Services and Markets Act 2000, as
amended. Accordingly, such documents and/or materials are not being
distributed to, and must not be passed on to, the general public in
the United Kingdom. The communication of such documents and/or
materials as a financial promotion is only being made to, and may
only be acted upon by, those persons in the United Kingdom falling
within the definition of investment professionals (as defined in
Article 19(5) of the Financial Services and Markets Act 2000
(Financial Promotion) Order 2005 (the "Financial Promotion Order"))
or persons who are within Article 43 of the Financial Promotion
Order or any other persons to whom it may otherwise lawfully be
made under the Financial Promotion Order (together, "Relevant
Persons"). Any investment or investment activity to which this
announcement and the Tender Offer Memorandum relates is available
only to Relevant Persons and will be engaged in only with Relevant
Persons (and is subject to other restrictions referred to in the
Financial Promotion Order).
France: This announcement and the Tender Offer Memorandum and
any other offering material relating to the Offer may be
distributed in France only to qualified investors (investisseurs
qualifiés) as defined in Article 2(e) of the Prospectus Regulation.
Neither this announcement nor the Tender Offer Memorandum, nor any
other such offering material has been nor will they be submitted
for clearance to nor approved by the Autorité des Marchés
Financiers.
General: Neither this announcement nor the Tender Offer
Memorandum constitutes an offer to buy or the solicitation of an
offer to sell Notes (and tenders of Notes in the Offer will not be
accepted from Noteholders) in any circumstances in which such offer
or solicitation is unlawful. In those jurisdictions where the
securities, blue sky or other laws require the Offer to be made by
a licensed broker or dealer and the Dealer Managers or any of their
respective affiliates is such a licensed broker or dealer in any
such jurisdiction, the Offer shall be deemed to be made by the
Dealer Manager or such affiliate, as the case may be, on behalf of
the Company in such jurisdiction.
New Notes: Any investment decision to purchase any New Notes
should be made solely on the basis of the information contained in
(i) the base prospectus dated 12 October 2023 and supplemented by
supplemental base prospectuses dated
15 January 2024 and 19 January 2024 (together, the "Base
Prospectus") prepared in connection with the Company's
GBP15,000,000,000 Guaranteed Bond Programme and (ii) the final
terms relating to each series of the New Notes (together, the
"Final Terms") and no reliance is to be placed on any
representations other than those contained in the Base Prospectus
and the Final Terms. For the avoidance of doubt, the ability to
purchase New Notes is subject to all applicable securities laws and
regulations in force in any relevant jurisdiction (including the
jurisdiction of the relevant Noteholder and the selling
restrictions set out in the Base Prospectus). It is the sole
responsibility of each Noteholder to satisfy itself that it is
eligible to purchase the New Notes. The New Notes are not being,
and will not be, offered or sold in the United States. Securities
may not be offered, sold or delivered in the United States absent
registration under, or an exemption from the registration
requirements of, the United States Securities Act of 1933, as
amended (the Securities Act). The New Notes have not been, and will
not be, registered under the Securities Act or the securities laws
of any state or other jurisdiction of the United States and may not
be offered, sold or delivered, directly or indirectly, within the
United States or to, or for the account or benefit of, U.S. persons
(as defined in Regulation S under the Securities Act).
Compliance information for the New Notes: UK MiFIR
professionals/ECPs-only/No EU PRIIPS or UK PRIIPs KID - eligible
counterparties and professional clients only (all distribution
channels). No sales to retail investors in the EEA or the United
Kingdom; no key information document has been or will be prepared.
See the Base Prospectus and Final Terms for further
information.
No action has been nor will be taken in any jurisdiction in
relation to the New Notes to permit a public offering of
securities.
[1] LEI: 213800ESMPQ4RQ7G8351
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TENKLLBLZFLFBBX
(END) Dow Jones Newswires
January 22, 2024 04:16 ET (09:16 GMT)
Grafico Azioni Thames Wuf 58 (LSE:BK64)
Storico
Da Gen 2025 a Feb 2025
Grafico Azioni Thames Wuf 58 (LSE:BK64)
Storico
Da Feb 2024 a Feb 2025
