19th Apr 2018 10:03
LONDON (Alliance News) - Tesco PLC on Thursday announced tender offers for a series of notes for up to GBP500.0 million as it looks to reduce overall debt.
The notes under offer are: GBP350.0 million loan 5.5% loan notes due 2019; GBP900.0 million 6.125% notes due 2022; GBP515.0 million 5% notes due 2022; GBP200.0 million 6% notes due 2029; GBP200.0 million 5.5% notes due 2033; GBP300.0 million 4.875% notes due 2042; GBP500.0 million 5.2% notes due in 2057.
Combined the notes have outstanding nominal amounts of GBP1.9 billion.
The tender offer expires on Friday next week with the pricing to be determined the following Monday.
Shares were up 0.8% on Thursday at a price of 241.20 pence each.
Related Shares:
Tesco