16th Mar 2021 09:10
(Alliance News) - Water utility Pennon Group PLC on Tuesday opened a tender offer for its GBP100.0 million in variable rate notes due 2022.
The offer is expected to close on March 23.
"The offer is being made to efficiently manage the company's finance costs, following the sale of Viridor early this financial year," the company explained.
Shares in Pennon were 0.8% higher in London on Tuesday morning at 968.00 pence each.
By Paul McGowan; [email protected]
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