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Issue of Debt

18th Jul 2012 14:27

RNS Number : 9746H
Morrison(Wm.)Supermarkets PLC
18 July 2012
 



Wm Morrison Supermarkets Plc

18 July 2012

 

 

 

Wm Morrison Supermarkets Plc announces launch of fourteen year Sterling Bond

 

Wm Morrison Supermarkets Plc (the "Company" or the "Group") has today successfully launched a £400 million fourteen year Sterling bond issue (the "Bond"). The Group expects the Bond to be issued on 27 July 2012 with a coupon of 3.5 per cent payable semi-annually and a bullet repayment on 27 July 2026. The joint bookrunners for the issue are BNP Paribas, Lloyds Bank, and Santander GBM.

 

The proceeds from the issue of the Bond will be used for the Group's general corporate purposes. The Bond will extend the average maturity of the Group's remaining debt, reduce the Group's reliance on bank financing and diversify and strengthen the Group's 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:

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
 
 
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