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IN BRIEF: Just Group buys back 98% of GBP300 million notes in offer

13th Sep 2021 11:24

Just Group PLC - Reigate, Surrey-based provider of retirement financial services to individuals and companies - Buys GBP295.2 million of fixed rate reset perpetual restricted tier 1 contingent convertible notes. Company tendered offer for GBP300 million of notes. "The purpose of the offer is to optimise the capital structure and debt profile of the group," company explained last week. Alongside tender offer, launched proposed issue of new sterling-denominated fixed rate reset perpetual restricted tier 1 contingent convertible notes.

Current stock price: 93.25 pence

Year-to-date change: up 33%

By Paul McGowan; [email protected]

Copyright 2021 Alliance News Limited. All Rights Reserved.


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