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Provident Agrees To Buy GBP223 Million In Bonds After Tender Offer (ALLISS)

31st May 2018 14:02

LONDON (Alliance News) - Provident Financial PLC on Thursday said it accepted for cash purchase of GBP222.5 million in 8.00% guaranteed bonds due 2019, as part of the company's plan to manage and extend its debt maturity profile.

On Tuesday last week, the sub-prime lender launched a tender offer to repurchase any and all of its GBP250.0 million in bonds.

Shares in Provident were trading 0.3% lower at 634.60 pence each on Thursday.


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