2nd Jun 2015 14:54
LONDON (Alliance News) - The British Land Co PLC Tuesday disclosed the final terms of its offering of GBP350 million of senior, unsecured convertible bonds due in 2020, with the bonds to have a zero coupon and a conversion price of 1,103.32 pence.
Settlement is expected to occur on or about June 9.
"We are very pleased with the success of this transaction. Taking advantage of favourable market conditions, we have raised funds at a zero coupon with flexible settlement options. This financing continues our strong track record in accessing funding on competitive terms from a range of sources," Lucinda Bell, chief financial officer, said in a statement.
Shares in British Land were down 1.7% at 857.00p on Tuesday.
By Samuel Agini; [email protected]; @samuelagini
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