On 26 June 2020, KPMG were appointed as administrators of intu Properties PLC. Find out more

Bonds and Debentures

intu £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 Intu (Jersey) Limited (formerly Capital Shopping Centres (Jersey) Limited), a wholly-owned subsidiary of Intu Properties plc incorporated in Jersey, on 4 October 2012. The Convertible Bonds are guaranteed by Intu Properties 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 Intu Properties plc (the “Ordinary Shares”).

Under the terms of the Convertible Bonds, Intu Properties plc has the right to elect to settle any conversion in any combination of Ordinary Shares and cash.

The initial conversion price was 437.52p per Ordinary Share. The conversion price may be adjusted from time to time in accordance with the terms and conditions of the Convertible Bonds, including when Intu Properties plc pays any dividend in respect of its Ordinary Shares. In respect of the 2016 Interim Dividend, announced by the Company on 28 July 2016, with effect from 20 October 2016 the conversion price was adjusted from GBP 3.3401 to GBP3.2872 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 arrears on 4 April and 4 October each year.

The Bonds were admitted to the official list of the UKLA on 11 January 2013 and dealings on the Professional Securities Market of the London Stock Exchange commenced on 14 January 2013.

The full terms and conditions together with copies of the launch announcements and Listing Particulars are available for download from this page.

Issuer, Guarantor, Trustee and Principal Paying, Transfer and Conversion Agent

Issuer:

Intu (Jersey) Limited
Ogier House, The Esplanade
St Helier, Jersey JE4 9WG

Guarantor:

Intu Properties 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