Land Securities approves program to purchase six classes of notes

By Wendy Van Sickle

Columbus, Ohio, July 5 – Land Securities Group plc has approved a program to purchase six classes of its notes through open market purchases or private transactions, according to a notice issued Wednesday.

The program will be managed by NatWest Markets Plc and is part of Land Securities’ strategy to provide liquidity to investors in notes from series that have been reduced to below benchmark size, the notice states.

The notes covered by the program include the following:

• £46,498,000 of outstanding class A3 5.425% notes;

• £25,393,000 of outstanding class A4 5.391% notes;

• £76,118,000 of outstanding class A6 5.376% notes (ISN: XS0204780125);

• £594,000 of outstanding class A6 5.376% notes (ISN: XS0204737117);

• £13.5 million of outstanding class A10 4.875% notes; and

• £56,391,000 of outstanding class A11 5.125% notes.

Land Securities is a commercial property company based in London.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.