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Information and public services for the Island of Jersey

L'înformâtion et les sèrvices publyis pouor I'Île dé Jèrri

Bond issuance statement

02 June 2014

Not for distribution, directly or indirectly, in or into the United States, Australia, Canada, Japan or any other jurisdiction where to do so would be unlawful.
 
“The States of Jersey is pleased to confirm that today the States of Jersey (rated AA+ with stable outlook by Standard & Poor’s) has successfully priced a £250m debut bond issue with a final maturity of June 2054 and a coupon of 3.75%. The transaction closes on 9th June and further information will be provided at that point. The net proceeds of the bond issue will be applied by the States of Jersey to fund investment programmes in Jersey's social housing.”

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This communication (and the information contained herein) does not contain or constitute an offer of securities for sale, or solicitation of an offer to purchase securities, in the United States, Australia, Canada or Japan or any other jurisdiction where such an offer or solicitation would be unlawful. The securities referred to above have not been and will not be registered under the U.S. Securities Act of 1933, as amended ("Securities Act"), or the securities laws of any states of the United States or other jurisdiction, and the securities may not be offered or sold, directly or indirectly, within the United States or to, or for the account or benefit, of U.S. persons (as defined in Regulation S under the Securities Act) except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and applicable state or local securities laws.
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A rating is not a recommendation to buy, sell or hold securities and may be subject to revision, suspension or withdrawal at any time by the assigning rating organization. Similar ratings for different types of issuers and on different types of notes do not necessarily mean the same thing. The significance of each rating should be analysed independently from any other rating.
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