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Launch of Bond

27th Jun 2014 17:12

RNS Number : 8214K
Morrison(Wm.)Supermarkets PLC
27 June 2014
 



Wm Morrison Supermarkets Plc

27 June 2014

 

 

Wm Morrison Supermarkets Plc announces launch of a 15 year Sterling Bond

 

Wm Morrison Supermarkets Plc (the "Company") has today successfully launched £300 million

15 year Sterling Bonds (the "Bonds") which are due to be issued on 4 July 2014 with a coupon of 4.75 per cent payable semi-annually and a bullet repayment on 4 July 2029. The joint bookrunners for the Bonds are, HSBC Bank plc, Lloyds Bank plc, The Royal Bank of Scotland plc, Barclays Bank PLC and Banco Santander S.A.

 

The proceeds of the Bonds will be used for general corporate purposes and 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 and Canada 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:

 

Andrew Kasoulis

Investor Relations Director

07785 343515

 

 

 

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