£300 million 2.50% Convertible Bonds due 2018
- ISIN XS 0834486796
- Initial Issue £300,000,000
The £300 million Guaranteed Convertible Bonds were issued by Capital Shopping Centres (Jersey) Limited, a wholly-owned subsidiary of Capital Shopping Centres Group PLC incorporated in Jersey, on 4 October 2012. The Convertible Bonds are guaranteed by Capital Shopping Centres Group PLC.
The Convertible Bonds will mature on 4 October 2018 unless converted, redeemed or purchased and cancelled prior thereto and are, subject to the satisfaction of certain conditions, convertible into ordinary shares of Capital Shopping Centres Group PLC (the “Ordinary Shares”).
Under the terms of the Convertible Bonds, Capital Shopping Centres Group PLC has the right to elect to settle any conversion in any combination of Ordinary Shares and cash.
The initial conversion price is 437.52p per Ordinary Share. The intital conversion price may be adjusted from time to time in accordance with the terms and conditions of the Convertible Bonds, including when Capital Shopping Centres Group PLC pays any dividend in respect of its Ordinary Shares. In respect of the 2012 interim dividend, wef 17 October 2012 the conversion price was adjusted to 430.98p per Ordinary Share. All price change notices to bondholders are available for download from this page.
The Convertible Bonds bear interest at the rate of 2.50 per cent. per annum payable semi-annually in arrear on 4 April and 4 October each year, with the first interest payment due to be made on 4 April 2013.
Application will be made for admission of the Convertible Bonds to the official list of the UKLA and to trading on the Professional Securities Market of the London Stock Exchange prior to the first interest payment date.
The full terms and conditions together with copies of the launch announcements area available for download from this page.
Issuer, Guarantor, Trustee and Principal Paying, Transfer and Conversion Agent
Issuer:
Capital Shopping Centres (Jersey) Limited
Ogier House, The Esplanade
St Helier, Jersey JE4 9WG
Guarantor:
Capital Shopping Centres Group PLC
40 Broadway
London SW1H 0BT
Trustee:
Deutsche Trustee Company Limited
Winchester House, 1 Great Winchester Street
London EC2N 2DB
Principal Paying, Transfer and Conversion Agent:
Deutsche Bank AG, London Branch
Winchester House, 1 Great Winchester Street
London EC2N 2DB, United Kingdom
Fax no: + 44 20 7547 6149
Attention: Debt and Agency Services
