Skip to main content

AI assistant

Sign in to chat with this filing

The assistant answers questions, extracts KPIs, and summarises risk factors directly from the filing text.

Vodafone Group PLC Capital/Financing Update 2009

Jun 3, 2009

5275_rns_2009-06-04_12197abd-7286-4ce0-9f59-713e09a3b40e.zip

Capital/Financing Update

Open in viewer

Opens in your device viewer

FWP 1 u07019fwp.htm FWP FWP PAGEBREAK

Filed pursuant to Rule 433 Registration Statement No. 333-144978

June 3, 2009

Final Term Sheet

$2,500,000,000

Vodafone Group Public Limited Company

$1,250,000,000 4.150% Notes due June 2014 $1,250,000,000 5.450% Notes due June 2019

The issuer has filed a registration statement (including a prospectus) with the SEC for the offering to which this communication relates. Before you invest, you should read the prospectus in that registration statement and other documents the issuer has filed with the SEC for more complete information about the issuer and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, the issuer, any underwriter or any dealer participating in the offering will arrange to send you the prospectus if you request it by calling Barclays Capital Inc. toll free at 1-888-227-2275, Ext. 2663, Goldman, Sachs & Co. at Prospectus Department, 1-212-902-1171, HSBC Securities (USA) Inc. toll free at 1-866-811-8049 or Morgan Stanley & Co. Incorporated toll free at 1-866-718-1879 .

4.150% Notes due June 2014 (the “Tranche 1 Notes”)

| Maturity Date | We will repay the Tranche 1 Notes on
June 10, 2014 at 100% of their
principal amount plus accrued interest. |
| --- | --- |
| Issue Date | June 10, 2009. |
| Issue Price | 99.933% of the principal amount, plus
accrued interest, if any, from and
including June 10, 2009, if delivery
occurs after that date. |
| Interest Rate | 4.150% per annum. |
| Interest Payment Dates | Semi-annually on June 10 and December
10 of each year, commencing December
10, 2009, up to and including the
maturity date for the Tranche 1 Notes,
subject to the applicable business day
convention. |
| Business Day Convention | Following. |
| Day Count Fraction | 30/360. |
| Optional Make-Whole Redemption | We have the right to redeem the Tranche
1 Notes, in whole or in part, at any
time and from time to time at a
redemption price equal to the greater
of (1) 100% of the principal amount of
such Notes plus accrued interest to the
date of redemption and (2) as |

Folio 1 /Folio

PAGEBREAK

determined by the quotation agent, the sum of the present values of the remaining scheduled payments of principal and interest on such Notes (excluding any portion of such payments of interest accrued as of the date of redemption) discounted to the redemption date on a semi-annual basis (assuming a 360-day year consisting of twelve 30-day months) at the adjusted treasury rate, plus 30 basis points, together with accrued interest to the date of redemption.

5.450% Notes due June 2019 (the “Tranche 2 Notes” and, together with the Tranche 1 Notes, the “Notes”)

| Maturity Date | We will repay the Tranche 2 Notes on
June 10, 2019 at 100% of their
principal amount plus accrued interest. |
| --- | --- |
| Issue Date | June 10, 2009. |
| Issue Price | 99.741% of the principal amount, plus
accrued interest, if any, from and
including June 10, 2009, if delivery
occurs after that date. |
| Interest Rate | 5.450% per annum. |
| Interest Payment Dates | Semi-annually on June 10 and December
10 of each year, commencing December
10, 2009, up to and including the
maturity date for the Tranche 2 Notes,
subject to the applicable business day
convention. |
| Business Day Convention | Following. |
| Day Count Fraction | 30/360. |
| Optional Make-Whole Redemption | We have the right to redeem the Tranche
2 Notes, in whole or in part, at any
time and from time to time at a
redemption price equal to the greater
of (1) 100% of the principal amount of
such Notes plus accrued interest to the
date of redemption and (2) as
determined by the quotation agent, the
sum of the present values of the
remaining scheduled payments of
principal and interest on such Notes
(excluding any portion of such payments
of interest accrued as of the date of
redemption) discounted to the
redemption date on a semi-annual basis
(assuming a 360-day year consisting of
twelve 30-day months) at the adjusted
treasury rate, plus 30 basis points,
together with accrued interest to the
date of redemption. |

The following terms apply to each of the Notes:

Business Days New York.
Ranking The Notes will rank equally with all
present and future unsecured and
unsubordinated indebtedness of
Vodafone. Because we are a holding
company, the Notes will effectively
rank junior to any indebtedness or
other liabilities of our subsidiaries.
Regular Record Dates for Interest With respect to each interest payment
date, the date that is 15 calendar days
prior to such date, whether or not such
date is a

Folio 2 /Folio

PAGEBREAK

business day.
Payment of Additional Amounts We intend to make all payments on the
Notes without deducting United Kingdom
(U.K.) withholding taxes. If any
deduction is required on payments to
non-U.K. investors, we will pay
additional amounts on those payments to
the extent described under “Description
of Debt Securities We May
Offer—Payment of Additional Amounts”
in the prospectus.
Optional Tax Redemption We may redeem the Notes before they
mature if we are obligated to pay
additional amounts due to changes on or
after the date of this final term sheet
in U.K. withholding tax requirements, a
merger or consolidation with another
entity or a sale or lease of
substantially all our assets and other
limited circumstances described under
“Description of Debt Securities We May
Offer—Payment of Additional Amounts”
in the prospectus. In that event, we
may redeem the Notes in whole but not
in part on any interest payment date,
at a price equal to 100% of their
principal amount plus accrued interest
to the date fixed for redemption.
Adjusted Treasury Rate “Adjusted treasury rate” means, with
respect to any redemption date, the
rate per year equal to the semi-annual
equivalent yield to maturity of the
comparable treasury issue, assuming a
price for the comparable treasury issue
(expressed as a percentage of its
principal amount) equal to the
comparable treasury price for such
redemption date.
“Comparable treasury issue” means the
U.S. Treasury security selected by the
quotation agent as having a maturity
comparable to the remaining term of
such notes to be redeemed that would be
utilized, at the time of selection and
in accordance with customary financial
practice, in pricing new issues of
corporate debt securities of comparable
maturity to the remaining terms of such
notes.
“Comparable treasury price” means, with
respect to any redemption date, the
average of the reference treasury
dealer quotations for such redemption
date.
“Quotation agent” means the reference
treasury dealer appointed by the
trustee after consultation with us.
“Reference treasury dealer” means any
primary U.S. government securities
dealer in New York City selected by the
trustee after consultation with us.
“Reference treasury dealer quotations”
means with respect to each reference
treasury dealer and any redemption
date, the average, as determined by the
trustee, of the bid and asked prices
for the comparable treasury issue
(expressed as a percentage of its
principal amount) quoted in writing to
the trustee by such reference treasury
dealer at 5:00 p.m. Eastern Standard
Time on the third business day
preceding such

Folio 3 /Folio

PAGEBREAK

redemption date.
Listing We will file an application to list the
Notes on the New York Stock Exchange.
We expect that the Notes will be
eligible for trading on the New York
Stock Exchange within 30 days after
delivery of the Notes.
Use of Proceeds We intend to use the net proceeds from
the sale of the Notes for general
corporate purposes. General corporate
purposes may include working capital,
the repayment of existing debt
(including debt of acquired companies),
financing capital investments or
acquisitions and any other purposes. We
may temporarily invest funds that we do
not need immediately for these purposes
in short-term marketable securities.
Risk Factors You should carefully consider all of
the information in this final term
sheet, the prospectus supplement and
the prospectus, which includes
information incorporated by reference.
In particular, you should evaluate the
specific factors under “Risk Factors”
beginning on page 5 of the prospectus
and “Principal risk factors and
uncertainties” beginning on page 38 of
our Annual Report on Form 20-F for the
fiscal year ended March 31, 2009 for
risks involved with an investment in
the Notes.
Recent Developments On May 29, 2009, Vodafone announced the
issuance, for settlement on June 5,
2009, of £600 million of 5.375% notes
with a maturity of December 5, 2017.
Trustee and Principal Paying Agent The Bank of New York Mellon.
Timing and Delivery We currently expect delivery of the
Notes to occur on or about June 10,
2009.
Underwriters Barclays Capital Inc., Goldman, Sachs &
Co., HSBC Securities (USA) Inc. and
Morgan Stanley & Co. Incorporated.

Folio 4 /Folio