22nd May 2018 11:01
LONDON (Alliance News) - Provident Financial PLC on Tuesday launched a tender offer to repurchase any and all of its GBP250 million in 8.00% guaranteed bonds due 2019, as part of the company's plan to manage and extend its debt maturity profile.
The sub-prime lender will pay a cash purchase price equal to 108% of the principal amount of the bonds. It also will pay accrued interest from the last interest payment date to the settlement date.
Shares in the company were up 2.1% at 668.40 pence each.
Related Shares:
PFG.L