27th Jan 2021 10:42
(Alliance News) - Tesco PLC on Wednesday announced the results of its cash tender offer for all 6.15% senior notes due 2037.
The principal amount outstanding on the notes before the offer was USD525.0 million, with the aggregate principal amount accepted for purchase being USD170.3 million.
The purchase price, announced by the supermarket chain Tuesday this week, was USD1,348.42 per USD1,000 principal amount.
Earlier in January, Tesco announced tender offers for its USD1.15 billion of 6.15% senior notes due 2037, as well as a number of euro and sterling-denominated notes.
Shares in Tesco were up 2.9% at 250.50 pence in London on Wednesday morning.
By Anna Farley; [email protected]
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