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Issue of Debt

12th Jun 2013 16:33

RNS Number : 9192G
Morrison(Wm.)Supermarkets PLC
12 June 2013
 



Wm Morrison Supermarkets Plc

12th June 2013

 

 

 

Wm Morrison Supermarkets Plc announces launch of a seven year Euro Bond

 

Wm Morrison Supermarkets Plc (the "Company") has today successfully launched a €700 million seven year Euro bond issue (the "Bond"). The Bond is expected to be issued on 19th June 2013 with a coupon of 2.25 per cent payable annually and a bullet repayment on 19th June 2020. The joint bookrunners for the issue are Barclays Bank PLC, Lloyds TSB Bank plc and Mitsubishi UFJ Securities International plc.

 

The proceeds of the Bond will be used for general corporate purposes. The Bond will extend the average maturity of the Company's remaining debt, reduce its reliance on bank financing and diversify and strengthen its overall funding structure.

 

This notice does not constitute an offer of securities for sale in the United States or any other jurisdiction. Securities may not be offered or sold in the United States absent registration or an exemption from registration. The securities described in this notice are not being offered or sold in the United States.

 

Enquiries:

 

Paul Coyle

Group Treasurer

0845 611 5772

 

 

Niall Addison

Investor Relations Director

07764 624701

 

 

Richard Taylor

Corporate Affairs & Communications Director

0845 611 6912

 

ENDS

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
IODUUOVROUANAAR

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