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LONDON - Tesco PLC (OTC:TSCDY) announced today the update of its £15 billion Euro Medium Term Note (EMTN) programme, according to a press release statement issued by the company. The programme involves Tesco PLC, Tesco (LON:TSCO) Corporate Treasury Services PLC, and Tesco Corporate Treasury Services Europe DAC.
The Financial Conduct Authority has approved the offering circular dated July 9, 2025, relating to the EMTN programme. Under the arrangement, notes issued by Tesco Corporate Treasury Services PLC and Tesco Corporate Treasury Services Europe DAC will be unconditionally and irrevocably guaranteed by Tesco PLC.
The base prospectus incorporates by reference specific sections from the annual reports and financial statements of all three entities for fiscal years 2024 and 2025. These include financial statements and related notes from Tesco PLC’s annual reports, as well as financial information from the subsidiary companies’ annual reports.
Copies of the offering circular will be submitted to the National Storage Mechanism and will be available for inspection through the Financial Conduct Authority’s data portal. The company noted that the website containing these documents is not directed at U.S. persons or individuals viewing from the United States.
The EMTN programme provides Tesco with a framework for potential future debt issuance in various currencies and maturities, though the press release did not specify any immediate plans for new note issuance under the updated programme.
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