18th Feb 2021 18:08
Sage Group PLC - Newcastle Upon Tyne-based accounting software firm - Launches and successfully prices a debut bond offering of GBP350 million 1.625% notes due February 2031.
"The notes issue extends the maturity of the group's debt portfolio and diversifies its funding sources. Sage intends to use the proceeds to repay its existing indebtedness and for general corporate purposes," the company says.
Current stock price: 604.20 pence
Year-to-date change: up 3.8%
By Lucy Heming;Â [email protected]
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