The U.K. Listing Authority approved the base prospectus for British Land Co. Plc's £1.0 billion euro medium term note program.
The company applied to the Financial Conduct Authority in the U.K. for the issued notes under the program to be admitted to the U.K. Listing Authority's official list. It also seeks to trade the notes on the London Stock Exchange's regulated market.
British Land may issue the notes on a continuing basis to one or more dealers from time to time. The company intends to use proceeds from each issuance under the program for general corporate purposes, among others.
Barclays Bank PLC serves as the program's arranger and dealer. The other dealers comprise Bank of China Ltd., London branch; BNP PARIBAS; Crédit Agricole Corporate and Investment Bank; HSBC Bank plc; Lloyds Bank plc; MUFG Securities EMEA plc; The Royal Bank of Scotland plc; RBC Europe Ltd.; Banco Santander SA; SMBC Nikko Capital Markets Ltd.; and UBS Ltd.