Thu, 20th Sep 2018 16:27
Issuer: PRS Finance plc
Date: 20 September 2018
PRS FINANCE PLC
(incorporated with limited liability in England and Wales
with registration number 09331085)
Guaranteed Secured Bond Programme
This announcement is released by PRS Finance plc and contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) 596/2014 (MAR). For the purposes of MAR and Article 2 of the Commission Implementing Regulation (EU) 2016/1055, this announcement is made by Helena Whitaker on behalf of Intertrust Directors 1 Limited as Director of PRS Finance plc.
Publication of Pricing Supplement
The Issuer is pleased to announce today the publication of the pricing supplement dated 19 September 2018 (the "Pricing Supplement") in relation to the issue of £65,800,000 1.75 per cent. guaranteed secured bonds due 2026 (including £20,000,000 of retained bonds) (the "Bonds") under the guaranteed secured bond programme (the "Programme") established by the Issuer for the issue of bonds unconditionally and irrevocably guaranteed by the Secretary of State for Housing, Communities and Local Government. The Bonds are intended to be consolidated and form a single series with the £479,250,000 1.75 per cent. guaranteed secured bonds due 2026 which were issued by the Issuer under the Programme on 24 November 2016, 27 September 2017, 18 December 2017 and 24 January 2018 (the "Existing Bonds").
The Pricing Supplement supplements the programme memorandum issued by the Issuer in respect of the Programme on 23 July 2018 (other than the "Conditions of the Bonds" set forth therein) (the "2018 Programme Memorandum") and the "Conditions of the Bonds" set forth in the programme memorandum issued by the Issuer in respect of the Programme on 4 November 2016 (the "2016 Programme Memorandum").
Application has been made to the UK Listing Authority for the Bonds to be listed on the Official List, and to the London Stock Exchange for the Bonds to be admitted to trading. The Existing Bonds are already listed on the regulated market of the London Stock Exchange.
To view the 2016 Programme Memorandum, the 2018 Programme Memorandum and the Pricing Supplement, please paste the following URLs into the address bar of your browser.
Please read the disclaimer below "Disclaimer - Intended Addressees" before attempting to access this service, as your right to do so is conditional upon complying with the requirements set out below.
Pricing Supplement: http://www.rns-pdf.londonstockexchange.com/rns/4637B_1-2018-9-20.pdf
2016 Programme Memorandum: http://www.rns-pdf.londonstockexchange.com/rns/1258Q_1-2016-11-24.pdf
2018 Programme Memorandum: http://www.rns-pdf.londonstockexchange.com/rns/5038V_1-2018-7-23.pdf
Copies of each of the 2016 Programme Memorandum, the 2018 Programme Memorandum and the Pricing Supplement have been submitted to the National Storage Mechanism and will shortly be available for inspection at: www.morningstar.co.uk/uk/NSM.
For further information, please contact Venn Partners.
Tel: +44 (0)20 7073 9350
DISCLAIMER - INTENDED ADDRESSEES
Please note that the information contained in the 2016 Programme Memorandum, the 2018 Programme Memorandum and the Pricing Supplement may be addressed to and/or targeted at persons who are residents of particular countries (specified therein) only and are not intended for use and should not be relied upon by any person outside these countries and/or to whom any offer of bonds under the Programme is not addressed. Prior to relying on the information contained in the 2016 Programme Memorandum, the 2018 Programme Memorandum and the Pricing Supplement, you must ascertain whether or not you are part of the intended addressees of the information contained therein.
This announcement does not constitute an offering of securities and is not for distribution in the United States. The securities described in 2016 Programme Memorandum, the 2018 Programme Memorandum and the Pricing Supplement (the "Securities") have not been, and will not be, registered under the U.S. Securities Act of 1933, as amended (the "Securities Act"), or under any relevant securities laws of any state of the United States of America and are subject to U.S. tax law requirements. Subject to certain exceptions, the Securities may not be offered or sold directly or indirectly within the United States or to, or for the account or benefit of, U.S. persons or to persons within the United States of America, as such terms are defined in Regulation S under the Securities Act. Any forwarding, distribution or reproduction of the 2016 Programme Memorandum or the 2018 Programme Memorandum in whole or in part is prohibited. Failure to comply with this notice may result in a violation of the Securities Act or the applicable laws of other jurisdictions. There will be no public offering of the Securities in the United States.
Your right to access this service is conditional upon complying with the above requirements. In particular, your accessing this service will constitute your representation that you are not in the United States and you are not a U.S. person within the meaning of Regulation S under the Securities Act and the U.S. Internal Revenue Code and regulations thereunder.