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Debenture plc

First Debenture Mortgage Stock 2027

Information Required under Clause 16.15 as at 31 December 2019

General Information

The £354,876,000 8.75% First Mortgage Debenture Stock 2027 (ISIN GB00B1DBF788) was issued on 5 October 2006 by Intu Debenture plc (under its previous name, Capital & Counties Debenture plc), a subsidiary of intu properties plc. The Stock is certificated and held in registered form.

It is listed on the UK Listing Authorities Official List and traded on the London Stock Exchange’s Gilt Edged and Fixed Interest Market. Details of the issue are given in the Prospectus, dated 3 October 2006.

Security

The Stock is secured by a first ranking mortgage over specified properties of Intu Debenture plc. A description of the mortgaged properties is given below and is updated every 6 months.

Aggregate Value:                       £347,200,000
Aggregate Income:                    £23,431,494 p.a.

Property List

UK Regional Shopping Centres:

  • The Potteries Shopping Centre, Hanley, Stoke-on-Trent, Staffordshire, ST1 1PS
  • Eldon Square Shopping Centre, Newcastle upon Tyne, NE1 7JB (60%)

UK Other Retail:

  • intu Soar at Braehead, Kings Inch Road, Braehead, Renfrew, PA4 8XQ
  • 48 – 58 Bridlesmith Gate, Nottingham, NG1 2GP

Interest & Redemption

Interest is payable half-yearly in arrears on 30 June and 31 December. Unless previously redeemed or cancelled, the Stock shall be repaid in instalments together with the interest due on each interest payment date.

Final redemption will be on 31 December 2027

Top Ten Tenants by Rent

  1. Next Holdings Limited
  2. Boots Properties Plc
  3. Debenhams Retail Plc
  4. Odeon Cinemas
  5. Primark Stores Limited
  6. New Look Retailers Limited
  7. Arcadia Group Limited
  8. The Restaurant Group (UK) Ltd
  9. HMV Retail Limited
  10. Argos Limited

Issuer, Registrar and Trustee

Issuer: Intu Debenture plc (formerly Capital Shopping Centres Debenture PLC and Capital & Counties Debenture PLC)
40 Broadway, London SW1H 0BT

Registrar: Link Asset Services
The Registry, 34 Beckenham Road, Beckenham, Kent BR3 4TU

Trustee: The Law Debenture Trust Corporation p.l.c.
Fifth Floor, 100 Wood Street, London EC2V 7EX

Previous Stock

The 8.75% Stock 2027 replaced the £80 million 11.25% First Mortgage Debenture Stock 2021 and the £150 million 9.875% First Mortgage Debenture Stock 2027 issued by Capital & Counties plc. Both these stocks were redeemed in full on 5 October 2006, on the terms contained in the Press Release and the Notice to 2021 Stockholders and Notice to 2027 Stockholders, dated 16 August 2006, with the pricing for the redemption being confirmed on 14 September 2006 as being:

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Properties Under Management

See the current properties held under the mortgage debenture.

Properties