29th Oct 2018 08:40
LONDON (Alliance News) - St Modwen Properties PLC said on Monday it has chosen to redeem all of its GBP80 million 6.25% fixed rate bonds due 2019 early, which were first issued in November 2012.
The bonds will be redeemed on November 30, following which they will be cancelled and none will remain outstanding.
Shares in the FTSE 250-listed property investor and developer were up 0.8% at 369.38 pence on Monday.
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