London Stock Exchange Group plc (LSEG) has published a supplement to its Offering Circular, approved by the Financial Conduct Authority, in connection with its £10,000,000,000 Euro Medium Term Note Programme. The supplement, dated 5 November 2026, updates the original Offering Circular dated 19 March 2026. The programme involves four LSEG entities and represents a significant debt financing framework for the group. Investors in LSEG's fixed income instruments may wish to review the updated documentation now available via the National Storage Mechanism.

Key Points

  • London Stock Exchange Group plc (LSEG)
  • LSEG has published an FCA-approved supplement to its Euro Medium Term Note Programme Offering Circular, dated 5 November 2026
  • The programme has a total size of £10,000,000,000 and was originally established under an Offering Circular dated 19 March 2026
  • Investors should monitor the National Storage Mechanism and LSEG's investor relations channels for further updates to the programme

LSEG's £10 Billion Euro Medium Term Note Programme and the Four Issuing Entities

The Euro Medium Term Note Programme covered by this Offering Circular involves four distinct legal entities within the LSEG group: London Stock Exchange Group plc, LSEG Finance plc, LSEG Netherlands B.V., and LSEG US Fin Corp. Each entity carries its own Legal Entity Identifier as disclosed in the announcement. The programme, with a total ceiling of £10,000,000,000, provides LSEG with a structured framework through which notes may be issued across multiple jurisdictions, reflecting the group's broad international operational and financial footprint across the United Kingdom, the Netherlands, and the United States.

FCA Approval and Submission to the National Storage Mechanism

The supplement has been formally approved by the Financial Conduct Authority, the UK's principal financial regulator, adding a layer of regulatory oversight to the update. In line with standard UK capital markets practice, a copy of the supplement has been submitted to the National Storage Mechanism, where it will be made available for public inspection. The National Storage Mechanism, operated under FCA oversight, ensures that regulated disclosures remain accessible to market participants and investors. The announcement directed market participants to the FCA's data portal to access the filed document once processing is complete.

Jurisdictional Restrictions and Intended Addressees Under the Offering Circular

The announcement includes detailed jurisdictional restrictions, making clear that the supplement and Offering Circular do not constitute an offer of securities for sale in the United States or any other jurisdiction where such an offer would be unlawful. LSEG emphasised that the information is targeted at persons in specific countries identified within the Offering Circular itself, and that recipients must satisfy themselves as to whether they fall within the intended addressee categories before relying on the document's contents. These disclosures are consistent with standard Euro Medium Term Note programme regulatory requirements.

What LSEG's Debt Programme Framework Signals for Fixed Income Investors

LSEG operates as one of the world's leading financial markets infrastructure and data businesses, providing trading venues, post-trade services, and financial data solutions globally. The maintenance and updating of a £10 billion Euro Medium Term Note Programme underlines the group's ongoing access to international debt capital markets. The supplement's publication suggests the programme remains actively managed. Fixed income investors and analysts tracking LSEG's debt structure and capital management strategy may find the updated Offering Circular relevant to their assessment of the group's financing arrangements.