European Commercial Paper

The Group maintains a £1,750m unsecured Euro Commercial Paper programme issued by Land Securities PLC. The notes are short term in nature – less than a year – and can be issued in a number of different currencies before being swapped back into sterling.

All notes issues are 100% backstopped with available undrawn bank facilities secured by the Security Group. The programme has been assigned a P-1 rating by Moody’s and a F1 rating by Fitch.

Important information about accessing further details

The notes have not been and will not be registered under the US Securities Act of 1933, as amended, or under the securities laws of any state of the United States or under the applicable securities laws of Canada, Australia or Japan. Subject to certain exceptions, the notes may not be offered, sold, transferred or delivered within the United States, Canada, Australia or Japan or to any national, resident or citizen of those countries.

By clicking on any of the download links below, you confirm that you have understood the above statements and that you are not located in and are not a national, resident or citizen of the United States, Canada, Australia or Japan.

The paper is sold by a panel of dealers whose contacts are as follows:

  • Citibank International Limited: +44 (0) 20 7986 9070
  • BNP Paribas: +33 (0) 1 43 16 97 34
  • NatWest Markets: +44 (0) 20 7085 3593
  • UBS Limited: +44 (0) 20 7567 2324