Société du Grand Paris
Société du Grand Paris : Final terms série 10 tranche 1
Société du Grand Paris Final Terms dated 6 April 2020
Société du Grand Paris
Issue of EUR 50,000,000 1.149 per cent. Notes due 8 April 2069
under the Euro 10,000,000,000 Green Euro Medium Term Note Programme
SERIES NO: 10
TRANCHE NO: 1
MIFID II PRODUCT GOVERNANCE / PROFESSIONAL INVESTORS AND ECPs ONLY TARGET MARKET – Solely for the purposes of each manufacturer‘s product approval process, the target market assessment in respect of the Notes, taking into account the five (5) categories referred to in item 18 of the Guidelines published by the European Securities and Markets Authority (ESMA) on 5 February 2018, has led to the conclusion that: (i) the target market for the Notes is eligible counterparties and professional clients only, each as defined in Directive 2014/65/EU on markets in financial instruments (as amended “MiFID II“); and (ii) all channels for distribution of the Notes to eligible counterparties and professional clients are appropriate. Any person subsequently offering, selling or recommending the Notes (a “distributor“) should take into consideration the manufacturers‘ target market assessment; however, a distributor subject to MiFID II is responsible for undertaking its own target market assessment in respect of the Notes (by either adopting or refining the manufacturers‘ target market assessment) and determining appropriate distribution channels.
PROHIBITION OF SALES TO EEA AND UK RETAIL INVESTORS– The Notes are not intended to be offered, sold or otherwise made available to and should not be offered, sold or otherwise made available to any retail investor in the European Economic Area (EEA) or in the United Kingdom (the”UK“). For these purposes, a retail investor means a person who is one (or more) of: (i) a retail client as defined in point (11) of Article 4(1) of Directive 2014/65/EU on markets in financial instruments (as amended “MiFID II“); or (ii) a customer within the meaning of Directive 2016/97/EU on insurance distribution (as amended, the “IDD“), where that customer would not qualify as a professional client as defined in point (10) of Article 4(1) of MiFID II. Consequently no key information document required by Regulation (EU) No 1286/2014 (the “PRIIPs Regulation“) for offering or selling the Notes or otherwise making them available to retail investors in the EEA or in the UK has been prepared and therefore offering or selling the Notes or otherwise making them available to any retail investor in the EEA or in the UK may be unlawful under the PRIIPS Regulation.
PART A CONTRACTUAL TERMS
Terms used herein shall be deemed to be defined as such for the purposes of the Conditions set forth in the base prospectus dated 11 July 2019 which received visa n°19–340 from the Autorité des marchés financiers (the “AMF“) on 11 July 2019 (the “Base Prospectus“) and the first supplement dated 20 January 2020 which received visa n°20-016 from the AMF on 20 January 2020 and the second supplement dated 20 March 2020 which received visa n°20–090 from the AMF on 20 March 2020 (the “Supplements“) which together constitute a base prospectus for the purposes of Directive 2003/71/EC as amended or superseded (the “Prospectus Directive“). This document constitutes the Final Terms of the Notes described herein for the purposes of Article 5.4 of the Prospectus Directive and must be read in conjunction with such Base Prospectus and the Supplements. Full information on the Issuer and the offer of the Notes is only available on the basis of the combination of these Final Terms, the Base Prospectus and the Supplements. The Final Terms, the Base Prospectus and the Supplements are available for viewing at and copies may be obtained from the Fiscal Agent and the Paying Agents and will be available on the Issuer‘s website (https://www.societedugrandparis.fr/sgp/investisseurs) and on the AMF‘s website (www.amf–france.org).
Specified Currency: Euro (“EUR“)
Aggregate Nominal Amount: (i) Series: EUR 50,000,000 (ii) Tranche: EUR 50,000,000
Issue Price: 100 per cent. of the Aggregate Nominal Amount
(i) Specified Denominations: EUR 100,000
(i) Issue Date: 8 April 2020
(ii) Interest Commencement Date: Issue Date
Maturity Date: 8 April 2069
Interest Basis: 1.149 per cent. Fixed Rate (further particulars specified below)
Redemption Basis: Subject to any purchase and cancellation or early redemption, the Notes will be redeemed at 100 per cent. of their nominal amount on the Maturity Date.
Change of Interest Basis: Not Applicable
Put/Call Options: Not Applicable Make–whole Redemption: Not Applicable
(i) Status of the Notes: Senior (ii) Date of Conseil de surveillance & Directoire approval for issuance of Notes obtained:
PROVISIONS RELATING TO INTEREST (IF ANY) PAYABLE
Fixed Rate Note Provisions: Applicable
EUR 1,149 per Specified Denomination.
Floating Rate Note Provisions: Not Applicable
Fixed/Floating Rate Notes: Not Applicable
Zero Coupon Note Provisions: Not Applicable
Inflation Linked Note Provisions: Not Applicable
PROVISIONS RELATING TO REDEMPTION
Call Option: Not Applicable
Make–whole Redemption: Not Applicable
Put Option: Not Applicable
Final Redemption Amount of each Note: EUR 100,000 per Specified Denomination
Early Redemption Amount: Early Redemption Amount(s) of each Note payable on redemption for taxation reasons, exercise of the Squeeze Out Option or on event of default:
GENERAL PROVISIONS APPLICABLE TO THE NOTES
Form of Notes: Dematerialised Notes
(i) Form of Dematerialised Notes: Applicable
Bearer form (au porteur) (ii) Registration Agent: Not Applicable (iii) Temporary Global Certificate: Not Applicable
Financial Centre(s): TARGET Talons for future Coupons to be attached to Definitive Materialised Notes (and dates on which such Talons mature):
Possibility to request identification information of the Noteholders provided by Condition 1(a)(i):
Representation of Noteholder(s)/Masse: Condition 11(i) shall apply
RESPONSIBILITY The Issuer accepts responsibility for the information contained in these Final Terms. Signed on behalf of the Issuer
By: Thierry DALLARD
Duly authorised PART B OTHER INFORMATION
LISTING AND ADMISSION TO TRADING
Listing and admission to trading: Application has been made by the Issuer (or on its behalf) for the Notes to be listed and admitted to trading on Euronext Paris with effect from 8 April 2020. Estimate of total expenses related to admission to trading:
RATINGS
Ratings: The Notes are not rated.
INTERESTS OF NATURAL AND LEGAL PERSONS INVOLVED IN THE ISSUE
“Save as discussed in “Subscription and Sale“, so far as the Issuer is aware, no person involved in the offer of the Notes has an interest material to the offer.“
USE OF PROCEEDS
The net proceeds of the issue of the Notes will be used to finance and/or refinance investments in one or more of the Eligible Green Projects (see section “Use of Proceeds“ of the Base Prospectus).
YIELD
Indication of yield: 1.149 per cent. per annum
The yield is calculated at the Issue Date on the basis of the Issue Price. It is not an indication of future yield.
OPERATIONAL INFORMATION
ISIN Code: FR0013506664
Common Code: 215361942
FISN Code: Not Applicable
CFI Code: Not Applicable Any clearing system(s) other than Euroclear France, Euroclear Bank SA/NV and Clearstream Banking S.A. and the relevant identification number(s):
Delivery: Delivery against payment Names and addresses of additional Paying Agent(s) (if any):
DISTRIBUTION
Regulatory filing PDF file Document title: Société du Grand Paris : Final terms série 10 tranche 1 Document: https://eqs-cockpit.com/c/fncls.ssp?u=OMMXLMNBDQ |
Language: | English |
Company: | Société du Grand Paris |
30 avenue des Fruitiers | |
93200 SAINT-DENIS | |
France | |
Phone: | +33 (0)1 74 88 41 38 |
E-mail: | patrick.patural@societedugrandparis.fr |
Internet: | www.societedugrandparis.fr |
ISIN: | FR0125241945 |
AMF Category: | Inside information / Issuer activities (acquisitions, sales…) |
EQS News ID: | 1018213 |
End of Announcement | EQS News Service |