28th Feb 2019 11:40
LONDON (Alliance News) - Advertising giant WPP PLC on Thursday offered to buy the outstanding amount of GBP200 million worth of bonds previously issued.
Bondholders are to meet on March 25 in London to vote on the offer, which expires March 21.
WPP will purchase GBP200 million of 6.375% guaranteed bonds, due in 2020, which it said will provide liquidity to the bondholders.
Shares in the FTSE 100 company were 1.0% lower on Thursday at a price of 824.20 pence each.
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WPP