3T8E Tesco Corp T.30

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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February 20, 2023 05:15 ET (10:15 GMT)

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