24th Apr 2015 08:32
LONDON (Alliance News) - FTSE 100-listed engineering company Smiths Group PLC on Friday confirmed the launch and pricing of a EUR600 million senior bond offering for general corporate funding purposes and to repay certain existing debt.
The motes, priced with a fixed coupon of 1.25%, will have a maturity in April 2023 and the offer is expected to close on 28 April 2015.
The notes will be issued by Smiths Group PLC, guaranteed by Smiths Group International Holdings Ltd, and will rank pari passu with all its other existing unsecured indebtedness.
Shares in Smiths were up 0.5% to 1,147.00 pence on Friday.
Copyright RTT News/dpa-AFX
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