PLC | Investors

Debt Investors

The Group finances its operations through a combination of retained profits, long and medium term debt capital market issues, bank borrowings and leases, with the objective of ensuring continuity of funding.

Debt Investors

Our policy is to smooth the debt maturity profile, to arrange funding ahead of requirements and to maintain sufficient undrawn committed bank facilities (£2.5bn) so that maturing debt may be refinanced as it falls due.

The Group has a £15.0bn Euro Medium Term Note programme, of which £5bn was in issue at 27 February 2021, plus £0.3bn equivalent of USD denominated notes issued under 144A documentation.

The Group’s financial risk management is carried out under policies approved and authority delegated by the Board of Directors, including parameters for risk management across the Group.

Tesco PLC Credit Rating

 

 Agency Short Term Rating Long Term Rating Outlook
 Fitch  F3  BBB-  Stable
 Moody's  P-3  Baa3  Stable
 S&P  A-3  BBB-  Stable



Tesco Corporate Treasury Services PLC (“TCTS”) &
Tesco Corporate Treasury Services Europe DAC (“TCTSE”)

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TCTS is a finance vehicle for members of the Tesco Group ("The Group"), its joint ventures and associates. TCTS was incorporated on 30 July, 2013 with a certificate under Section 761 of the Companies Act 2006 entitling it to do business and exercise any borrowing powers.

TCTS does not have any substantial liabilities other than general financing activities for members of the Group, its joint ventures and associates.

TCTSE’s principle activity is to act as a financing company to raise or borrow money or capital including by way of, without limitation, issuing debt under commercial paper note and/or euro medium-term note programmes and to carry on other treasury business

 

Information about TCTS

 

The legal and commercial name of TCTS is Tesco Corporate Treasury Services PLC.

TCTS is a public limited company registered in England and Wales with registered number 8629715 and was incorporated on 30 July, 2013. The Issuer operates under the Companies Act 2006.

The registered office of TCTS is Tesco House, Shire Park, Kestrel Way, Welwyn Garden City, United Kingdom, AL7 1GA.

Financial statement listed below: 

 

Year  Published on File Type
2021 22 Jun 2021 PDF 0.15MB
2020 02 Sep 2020 PDF 0.15MB

Constitutional Documents listed below: 

 

Year File Name  Published on File Type
2013 Memorandum of Association 29 Jul 2013 PDF 0.15MB
2013 Articles of Association 20 Aug 2013 PDF 0.14MB



Information about TCTSE

 

The legal and commercial name of TCTSE is Tesco Corporate Treasury Services Europe DAC.

TCTSE is a designated activity company limited by shares and is registered in Ireland with a company number 697759TCTSE was incorporated on 11 June 2021 and operates under the Irish Companies Act 2014.

The registered office of TCTSE is Gresham House, Marine Road, Dun Laoghaire, Co. Dublin, Ireland.

 

 Constitutional Documents listed below: 

 

Year File Name  Published on File Type
2021        Memorandum of Association & Articles of Association  1 June 2021 PDF 0.15MB