8th Oct 2020 09:29
(Alliance News) - Rentokil Initial PLC on Thursday confirmed the issue of its EUR600 million eight-year bond priced at 0.50%, its lowest coupon ever.
The Surrey-headquartered pest control company said the bond issue will refinance its EUR350 million 3.25% bond bond maturing October 2021 and will also be used for general corporate purposes.
The bond is being issued under Rentokil's euro medium-term note programme.
Shares in Rentokil were down 0.2% at 526.40 pence in London on Thursday morning.
By Anna Farley; [email protected]
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