1st Apr 2020 09:59
(Alliance News) - Experian PLC said Wednesday its subsidiary, Experian Finance, has priced an issue of GBP400 million 3.25% bonds due 2032.
The consumer credit data provider said the bonds will be issued by Experian Finance, under the terms of its euro medium-term note programme, which is guaranteed by Experian.
"This bond issue extends the maturity of the group's debt portfolio and diversifies its funding sources. The proceeds will be used for general corporate purposes, including repayment of commercial paper," Experian said.
Shares in Experian were down 1.8% in London on Wednesday at 2,210.00 pence each.
By Paul McGowan; [email protected]
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