LondonStockExGroup (LSE) - London Stock Exchange Group retail bond
RNS Number : 4388P
London Stock Exchange Group PLC
24 October 2012
The information contained herein may only be released, published or
distributed in the United Kingdom, Jersey, Guernsey and the Isle of Man in
accordance with applicable regulatory requirements. The information contained
herein is not for release, publication or distribution in or into the United
States, Australia, Canada, Japan, South Africa, Republic of Ireland or in any
other jurisdiction where it is unlawful to distribute this document. The Bonds
may only be sold in Jersey in compliance with the provisions of the Control of
Borrowing (Jersey) Order 1958.
Any offer for subscription, sale or exchange of the Bonds within the Isle of
Man must be made (i) by an Isle of Man financial services licenceholder
licensed under section 7 of the Financial Services Act 2008 to do so or (ii)
in accordance with any relevant exclusion contained within the Regulated
Activities Order 2011 or exemption contained in the Financial Services
(Exemptions) Regulations 2011.
London Stock Exchange Group's £300 million retail bond
· Strong demand for Group's first retail bond
· Offer size of £300 million, the largest corporate bond to be issued
through ORB to date
· Offer period closed six days early
· Bonds to be traded on ORB
London Stock Exchange Group plc ("LSEG" or the "Group") has today announced
that the offer period for its 9 year sterling denominated 4.75% bonds (the
"Bonds"), which began on 16 October has now expired. The final offer size of
£300 million, will make this the largest corporate bond to be issued through
London Stock Exchange's Order book for Retail Bonds ("ORB") to date. The issue
will bring the total amount raised on ORB, since the market was established
two years ago, to over £2.5 billion.
The Bonds, which are the first from LSEG to be made available to retail
investors, are expected to be issued on 2 November 2012. The offer period for
the Bonds was closed six days early following strong demand for the issue. The
issue is part of the Group's on-going debt management programme and reflects
its prudent approach to ensure a diversified source of funding to support the
Group's strategy. Following the issue, investors can, through their
stockbroker, buy and sell the Bonds on ORB during market open hours in
multiples of £100, subject to market conditions.
Xavier Rolet, CEO, London Stock Exchange Group, said:
"I am delighted that our inaugural bond on ORB has been so well received. The
support of retail investors and retail brokers has been fantastic and this
will be the largest corporate bond issue on ORB to date.
"Closing an offer of £300 million six days early also demonstrates the
continuing strong appetite from retail investors for tradable bonds.
"We launched ORB just 2 years ago, and already it has successfully raised over
£2.5 billion for businesses across a wide range of sectors. At the same time
ORB has also given retail investors access to an attractive new asset class.
We very much look forward to welcoming further new issuers to this flourishing
Barclays, Lloyds Bank and The Royal Bank of Scotland acted as Joint Lead
Managers on the issue.
Authorised Distributors for the issue were: Barclays Stockbrokers, Charles
Stanley, Killik & Co., Halifax Share Dealing, Hargreaves Lansdown, Numis
Securities, Peel Hunt, Redmayne-Bentley LLP, Selftrade (execution only), Shore
Capital, Smith and Williamson, and Stocktrade (a division of Brewin Dolphin).
Further information on the Bonds can be found at:
For further information, please contact:
Lucie Holloway Press Office +44 (0)20 7797 1222
Notes to editors:
About London Stock Exchange Group:
London Stock Exchange Group (LSE.L) sits at the heart of the world's financial
community. The Group operates a broad range of international equity, bond and
derivatives markets, including London Stock Exchange; Borsa Italiana; MTS,
Europe's leading fixed income market; and Turquoise, offering UK and Russian
derivatives trading, pan-European and US lit and dark equity trading. Through
its markets, the Group offers international business unrivalled access to
Europe's capital markets.
The Group is a leading developer of high performance trading platforms and
capital markets software and also offers its customers around the world access
to an extensive range of real-time and reference data products and
market-leading post-trade services. The Group is also home to a world leading
index provider FTSE, which creates and manages over 200,000 equity, bond and
alternative asset class indices.
Headquartered in London, United Kingdom with significant operations in Italy
and Sri Lanka, the Group employs around 1,900 people.
Further information on London Stock Exchange Group can be found at
About the Bonds
· The Bonds may not be suitable for all investors. Investors should
ensure they fully understand the risks and seek independent financial advice
· Investors should note that the price of the Bonds can rise and
fall during the life of the investment and the price of the Bonds could fall
below the face value of £100
· In the event that London Stock Exchange Group plc defaults under
the Bonds, becomes insolvent or goes out of business, investors may lose some
or all of their investment.
This announcement is an advertisement and not a prospectus for the purposes of
EU Directive 2003/71/EC (the "Directive") and/or Part VI of the Financial
Services and Markets Act 2000. The Offering Circular dated 11 October 2012
("Offering Circular") and the Final Termstogether constitute the full
information published or otherwise available in relation to the offer of the
Bonds by London Stock Exchange Group plc and investors should not subscribe
for any bonds referred to in this announcement except on the basis of the
information contained or incorporated in the Offering Circular and the Final
Terms. Investors may obtain copies of the Offering Circular and the Final
Terms on the website of the Regulatory News Service operated by the London
The offering and the distribution of this announcement and other information
in connection with the offer in certain jurisdictions may be restricted by law
and persons into whose possession this announcement or any document or other
information referred to herein comes should inform themselves about and
observe any such restriction. Any failure to comply with these restrictions
may constitute a violation of the securities laws of any such jurisdiction.
This announcement does not constitute or form part of any offer or invitation
to sell, or any solicitation of any offer to purchase. Any purchase of Bonds
pursuant to the offer should only be made on the basis of the information
contained in the Offering Circular and Final Terms, available as described
The Bonds have not been and will not be registered under the U.S. Securities
Act of 1933, as amended (the "Securities Act") and include Bonds in bearer
form that are subject to certain U.S. tax law requirements. Subject to certain
exceptions, the Bonds may not be offered, sold or delivered within the United
States or to, or for the account or benefit of, U.S. persons. The Bonds are
being offered and sold outside of the United States in reliance on Regulation
S of the Securities Act. There will be no public offering in the United
This information is provided by RNS
The company news service from the London Stock Exchange
MSCFMMZGZDKGZZM -0- Oct/24/2012 12:38 GMT
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