CNA Centrica Plc

 
TIDMCNA 
 
 

18 November 2015 Centrica plc ('the Company')

Deeds of undertaking in relation to outstanding hybrid capital

 
 
    -- EUR750,000,000 Subordinated Resettable Fixed Rate Notes due 2076 (ISIN 

XS1216020161) and

 
    -- GBP450,000,000 Subordinated Resettable Fixed Rate Notes due 2075 (ISIN 

XS1216019585)

(together, the 'Notes') issued by Centrica plc

On 27 October 2015, Standard & Poor's Ratings Services ('S&P') revised the equity content it originally assigned to a number of corporate hybrids including the Notes. This resulted in the equity content of the Notes being revised to "minimal" from "intermediate".

In response to this decision, Centrica has entered into a deed of undertaking in relation to each series of the Notes.

Centrica understands that S&P will restore "intermediate" equity content to the Notes as a result of this undertaking.

Copies of the executed deeds of undertaking are available at https://www.centrica.com/investors.

ENDS

 
Enquiries: 
Centrica Treasury/credit investor queries   +44 (0) 1753 494165 
Centrica Investor Relations                 +44 (0) 1753 494900 
Centrica Media Relations                    0800 107 7014 
 
 
 
 

View source version on businesswire.com: http://www.businesswire.com/news/home/20151118006044/en/

 
This information is provided by Business Wire 
 
 

(END) Dow Jones Newswires

November 18, 2015 10:00 ET (15:00 GMT)

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