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Today, Tokyo Stock Exchange approved yen-denominated bonds with a total value of JPY 30 billion (JPY 3 billion (tenor: 3 years, coupon: 0.557%) and JPY 27 billion (tenor: 5years, coupon: 0.787%)) from Santander UK Group Holdings plc for listing on the professional-oriented TOKYO PRO-BOND Market.
Santander UK Group Holdings plc has listed program information for 1 year from October 5, 2015. This listing will be the first series of individual bonds listed under the program. The lead underwriters of the bonds are Mizuho International plc and Nomura International plc. The bonds will be issued on December 10, 2015, with listing following on December 11, 2015. Details on the issuance conditions of the bonds can be found on the TOKYO PRO-BOND Market website.
About TOKYO PRO-BOND Market
TOKYO PRO-BOND Market was established in May 2011 as a professional-oriented bond market based on the "Professional-oriented Market Rules" introduced in an amendment to the Financial Instruments and Exchange Act in 2008. The market implements program listing, the standard form of corporate bond issuance in overseas markets, and English-only information disclosure. Program listing refers to a system where the fund-raising issuer registers the possible issuance amount, basic information, and financial information on TOKYO PRO-BOND Market as program information, following which it is able to issue bonds as needed within the estimated issuance amount. The market's highly flexible rules offer efficient bond issuance through simplified disclosure documents, and convenient formal requirements, such as acquiring a credit rating as the listing eligibility requirements for program information and individual bonds and securing a lead underwriter(s) specified by the exchange.
For more information, please refer to the TOKYO PRO-BOND Market website.
