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IN BRIEF: Royal Mail-owner IDS to buy back EUR136 million in notes

14th Sep 2023 11:32

International Distributions Services PLC - owner of Royal Mail - Receives tenders from holders to sell back EUR135.5 million in debt notes and will accept all of them. At the start of September, IDS announced a tender offer for its EUR500.0 million in 2.375% guaranteed notes due 2024. IDS will buy back the notes at 98.65% of face value, plus accrued interest. It will have EUR364.5 million of the notes issue still outstanding.

Current stock price: 253.90 pence

12-month change: up 1.0%

By Sophie Rose, Alliance News reporter

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Copyright 2023 Alliance News Ltd. All Rights Reserved.

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