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Tesco plc (31CL) 5.5% 2019

Sell:£99.90 Buy:£104.50 Change: No change *
Market closed |  Prices as at close on 4 September 2018 | Switch to live prices |
Tender Offer

Tesco plc 5.5% 2019

Type:
Tender Offer
Shareholder action required:
Yes
Status:
Update Pending
Details (last updated 25 Apr 2019)

What is happening?

 

Tesco plc has announced the details of Tender Offers for a number of its outstanding Notes. Holders of these Notes may tender their holding for repurchase by Tesco at a price to be determined on completion of the Offer. You have a number of options to consider before our deadline of 9am Monday 29 April 2019.

 

Tesco will set a limit to the amount of cash available across all of the Tender Offers, as such elections to tender Notes may be subject to scaling back, with no guarantee that any of the Notes will be repurchased under the Offer.

 

The Purchase Price will be the price which reflects a yield to maturity equal to the Purchase Yield. The Purchase Yield will be the sum of a purchase spread and the yield to maturity of a Benchmark Security Rate, being a specified Treasury Gilt. For this Note the Benchmark Security is the 3.75% Uk Treasury Gilt due 7 September 2019 and the purchase spread will be 0.35%.

 

Accrued interest up to the pay date will also be paid on successfully tendered Notes.

 

What are my options?

 

Option 1: Tender your holding - Noteholders may tender (i.e. elect to sell) some or all of their holding. The minimum tender amount for this note is 1,000 Units, and tenders above this level must be in multiples of 1,000 Units.

 

Option 2: Take no Action - If you do not wish to participate in this Tender Offer you need take no action and you will retain your holding of Notes.

 

Cash resulting from successful tenders is expected to be credited to your Account from 2 May 2019.

 

Full details of this event will be sent to Qualifying Hargreaves Lansdown clients by either post or secure message. Please note that any instruction you give must be based on the full details provided in the letter and not on the summary information outlined above.

 

×
Sell:£99.90
Buy:£104.50
Change: No change *
Deal now Deal for just £11.95 per trade in a ISA, Lifetime ISA, SIPP or Fund & Share Account
Market closed |  Prices as at close on 4 September 2018 | Switch to live prices |
Tender Offer

Tesco plc 5.5% 2019

Type:
Tender Offer
Shareholder action required:
Yes
Status:
Update Pending
Details (last updated 25 Apr 2019)

What is happening?

 

Tesco plc has announced the details of Tender Offers for a number of its outstanding Notes. Holders of these Notes may tender their holding for repurchase by Tesco at a price to be determined on completion of the Offer. You have a number of options to consider before our deadline of 9am Monday 29 April 2019.

 

Tesco will set a limit to the amount of cash available across all of the Tender Offers, as such elections to tender Notes may be subject to scaling back, with no guarantee that any of the Notes will be repurchased under the Offer.

 

The Purchase Price will be the price which reflects a yield to maturity equal to the Purchase Yield. The Purchase Yield will be the sum of a purchase spread and the yield to maturity of a Benchmark Security Rate, being a specified Treasury Gilt. For this Note the Benchmark Security is the 3.75% Uk Treasury Gilt due 7 September 2019 and the purchase spread will be 0.35%.

 

Accrued interest up to the pay date will also be paid on successfully tendered Notes.

 

What are my options?

 

Option 1: Tender your holding - Noteholders may tender (i.e. elect to sell) some or all of their holding. The minimum tender amount for this note is 1,000 Units, and tenders above this level must be in multiples of 1,000 Units.

 

Option 2: Take no Action - If you do not wish to participate in this Tender Offer you need take no action and you will retain your holding of Notes.

 

Cash resulting from successful tenders is expected to be credited to your Account from 2 May 2019.

 

Full details of this event will be sent to Qualifying Hargreaves Lansdown clients by either post or secure message. Please note that any instruction you give must be based on the full details provided in the letter and not on the summary information outlined above.

 

×
Sell:£99.90
Buy:£104.50
Change: No change *
Market closed |  Prices as at close on 4 September 2018 | Switch to live prices |
Tender Offer

Tesco plc 5.5% 2019

Type:
Tender Offer
Shareholder action required:
Yes
Status:
Update Pending
Details (last updated 25 Apr 2019)

What is happening?

 

Tesco plc has announced the details of Tender Offers for a number of its outstanding Notes. Holders of these Notes may tender their holding for repurchase by Tesco at a price to be determined on completion of the Offer. You have a number of options to consider before our deadline of 9am Monday 29 April 2019.

 

Tesco will set a limit to the amount of cash available across all of the Tender Offers, as such elections to tender Notes may be subject to scaling back, with no guarantee that any of the Notes will be repurchased under the Offer.

 

The Purchase Price will be the price which reflects a yield to maturity equal to the Purchase Yield. The Purchase Yield will be the sum of a purchase spread and the yield to maturity of a Benchmark Security Rate, being a specified Treasury Gilt. For this Note the Benchmark Security is the 3.75% Uk Treasury Gilt due 7 September 2019 and the purchase spread will be 0.35%.

 

Accrued interest up to the pay date will also be paid on successfully tendered Notes.

 

What are my options?

 

Option 1: Tender your holding - Noteholders may tender (i.e. elect to sell) some or all of their holding. The minimum tender amount for this note is 1,000 Units, and tenders above this level must be in multiples of 1,000 Units.

 

Option 2: Take no Action - If you do not wish to participate in this Tender Offer you need take no action and you will retain your holding of Notes.

 

Cash resulting from successful tenders is expected to be credited to your Account from 2 May 2019.

 

Full details of this event will be sent to Qualifying Hargreaves Lansdown clients by either post or secure message. Please note that any instruction you give must be based on the full details provided in the letter and not on the summary information outlined above.

 

×
Deal now Deal for just £11.95 per trade in a ISA, Lifetime ISA, SIPP or Fund & Share Account
The selling price currently displayed is higher than the buying price. This can occur temporarily for a variety of reasons; shortly before the market opens, after the market closes or because of extraordinary price volatility during the trading day.
Open:
£102.20
Trade high:
n/a
Year high:
£107.13
Modified duration:
0.5620%
Previous close:
£102.20
Trade low:
n/a
Year low:
£102.05
Gross redemption yield
GRY
:
1.3880%
Previous:
£0.03 (0.02%)
Previous:
£0.03
Volume:
n/a
Currency:
GBP
Running yield:
5.382%
Data delayed by at least 15 minutes.

Performance

Not available for this stock.

Dividend information for this stock is not available.

Dividend information for this stock is not available.

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Important Documents

Fundamental data

Issuer: TESCO PLC
Parent company: TESCO PLC
Structure: Fixed Income/Fixed Rate Bond
Coupon (%): 5.5000%
Coupon type: Fixed Coupon
Coupon frequency: Annually
Redemption date: 13 December 2019
Issue date: 13 December 2002
Issue price: 99.07p
Issue size: £96.9M
Online trading:  
Denomination size: £1000.00
Minimum initial investment: £1000.00
ISIN: XS0159013068

Values are quoted in the stock's local currency.

Time / date Time Buy / sell Type Volume Price Value
11:49 - 15/05 11:49
15/05
n/a 10 £100.31 £10.03
10:52 - 15/05 10:52
15/05
n/a 740 £102.19 £756.21
10:46 - 15/05 10:46
15/05
n/a 40 £100.25 £40.10
10:46 - 15/05 10:46
15/05
n/a 60 £100.25 £60.15
10:30 - 15/05 10:30
15/05
n/a 320 £100.25 £320.80

Trades priced above mid-price at the time a trade is placed are assumed buys, those priced below are assumed sells. Trades priced close to mid-price or declared late are shown N/A. This is not a recommendation. More information.

More trades
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The London Stock Exchange does not disclose whether a trade is a buy or a sell so this data is estimated based on the trade price received and the LSE-quoted mid-price at the point the trade is placed. It should only be considered an indication and not a recommendation.

Trades priced above the mid-price at the time the trade is placed are labelled as a buy; those priced below the mid-price are sells; and those priced close to the mid-price or declared late are labelled ‘N/A’.

Annual & interim reports

Annual & interim reports are not available for this stock.

Data policy - All information should be used for indicative purposes only. You should independently check data before making any investment decision. HL cannot guarantee that the data is accurate or complete, and accepts no responsibility for how it may be used. Prices provided by NBTrader. Charts provided Factset. 'Recent trades' provided by MoneyAM. Fundamental data provided by Thomson Reuters.
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Share

The London Stock Exchange does not disclose whether a trade is a buy or a sell so this data is estimated based on the trade price received and the LSE-quoted mid-price at the point the trade is placed. It should only be considered an indication and not a recommendation.

Trades priced above the mid-price at the time the trade is placed are labelled as a buy; those priced below the mid-price are sells; and those priced close to the mid-price or declared late are labelled 'N/A'.