Business
Landsec bond purchase programme
Landsec bond purchase programme.
About this update from Land Securities Group Plc
[{"type":"text","content":"\n \nRNS Number : 6018T Land Securities Group PLC 04 July 2018 \n\n4 July 2018\nLand Securities Group PLC\n(\"Landsec\")\n \nLandsec announces bond purchase programme\n \nThe following release was issued to the Irish Stock Exchange this morning by Land Securities PLC:\nNOT FOR DISTRIBUTION IN OR INTO OR TO ANY PERSON LOCATED OR RESIDENT IN THE UNITED STATES, ITS TERRITORIES AND POSSESSIONS (INCLUDING PUERTO RICO, THE U.S. VIRGIN ISLANDS, GUAM, AMERICAN SAMOA, WAKE ISLAND AND THE NORTHERN MARIANA ISLANDS), ANY STATE OF THE UNITED STATES OR THE DISTRICT OF COLUMBIA (the United States) OR INTO ANY OTHER JURISDICTION WHERE IT IS UNLAWFUL TO DISTRIBUTE THIS ANNOUNCEMENT.\n \n4 July 2018\n \nLand Securities PLC (the Company) announced today that as part of the Company's strategy to provide liquidity to investors in Notes held in Series which have been reduced to below benchmark size, it has authorised a purchase programme (the Purchase Programme) to be managed by NatWest Markets Plc, pursuant to which the Company may purchase, through open market purchases or private transactions, the following securities (together, the Notes and each a Series) issued by Land Securities Capital Markets PLC (the Issuer):\n \n\n\n\nDescription of the Notes\n\n\nCoupon\n\n\nISIN/Common Code\n\n\nOutstanding Principal Amount of Notes\n\n\nPurchase Price\n\n\n\n\nClass A3 Notes\n\n\n5.425%\n\n\nXS0204778145\n\n\n£46,498,000\n\n\nMid-market\n\n\n\n\nClass A4 Notes\n\n\n5.391%\n\n\nXS0204778905\n\n\n£25,393,000\n\n\nMid-market\n\n\n\n\nClass A6 Notes\n\n\n5.376%\n\n\nXS0204780125\n\n\n£76,118,000\n\n\nMid-market\n\n\n\n\nClass A6 Notes\n\n\n5.376%\n\n\nXS0204737117\n\n\n£594,000\n\n\nMid-market\n\n\n\n\nClass A10 Notes\n\n\n4.875%\n\n\nXS0269067095\n\n\n£13,500,000\n\n\nMid-market\n\n\n\n\nClass A11 Notes\n\n\n5.125%\n\n\nXS0286155071\n\n\n£56,391,000\n\n\nMid-market\n\n\n\n \n* The stated Outstanding Principal Amount comprises all Notes outstanding, excluding those held by Land Securities PLC.\n \nThe Company will decide in its sole discretion whether to purchase any Notes from NatWest Markets Plc. The Company intends for the Purchase Programme to remain open between 10:00 a.m., London time, on Wednesday 4 July 2018 and 3:00 p.m., London time, on Tuesday 31...