European Commercial Paper (ECP)

The Group maintains a £1,250m unsecured Euro Commercial Paper Programme issued by Land Securities PLC. Notes are short term in nature (i.e. less than one year) and can be issued in a number of different currencies and then swapped back into sterling. All notes issues are 100% backstopped with available undrawn bank facilities secured on the Security Group mortgage pool. The Programme has been assigned a P-1 rating by Moody's.

The paper is sold by a panel of dealers whose contacts are as follows:

Citibank International Limited

+44 (0) 20 7986 9070

BNP Paribas

+33 (0) 1 43 16 97 34

The Royal Bank of Scotland plc

+44 (0) 20 7085 3593

UBS Limited

+44 (0) 20 7567 2324


If you have any questions, please contact the Land Securities Treasury team via the Debt investors contacts| page.

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