E-mail us: service@prospectnews.com Or call: 212 374 2800
Bank Loans - CLOs - Convertibles - Distressed Debt - Emerging Markets
Green Finance - High Yield - Investment Grade - Liability Management
Preferreds - Private Placements - Structured Products
 
Add to balance / Manage account  User:  Log out
Prospect News home > News index > List of issuers Tenders > Headlines for 2018 > News item
Published on 4/24/2018 in the Prospect News Liability Management Daily.

Grainger calls all £275 million 5% guaranteed secured notes due 2020

By Tali Rackner

Minneapolis, April 24 – Grainger plc plans to redeem all £275 million of its 5% guaranteed secured notes due Dec. 16, 2020, according to a filing with the London Stock Exchange.

The notes will be redeemed on May 3 at a price equal to the greater of par and the gross redemption yield of the 3.75% UK treasury stock due 2020 at 10 a.m. ET on May 1.

Deutsche Trustee Co. Ltd. is the trustee.

Grainger is a Newcastle upon Tyne, England-based residential property management company.


© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.