10th Sep 2018 08:51
LONDON (Alliance News) - Workspace Group PLC on Monday that it redeemed GBP57.5 million of its 6.0% fixed rate bonds, ahead of their expiration in October 2019.
The redemption will be funded by drawing down on revolver facilities, the office space provider said.
The bonds, which were issued in 2012, have an aggregate price of GBP60.4 million and a premium of GBP2.9 million over the issue price.
Following the redemption, the bonds will be cancelled and there will be no bonds outstanding.
Workspace shares were trading up 0.8% at 1,049.00 pence each early Monday.
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