Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers Tenders > Headlines for 2021 > News item |
FirstGroup sets redemption price for £325 million 5.25% bonds due 2022
By Rebecca Melvin
Concord, N.H., Sept. 15 – FirstGroup plc announced the redemption price for its outstanding £325 million 5.25% bonds due November 2022 (ISIN: XS0859438557), according to a notice.
The company will pay £1,060.39 per £1,000 principal amount of bonds plus accrued interest. The repurchase price was to be the higher of par or par plus 20 basis points over the Treasury Gilt due March 2022, as announced on Aug. 31.
The redemption will take place on Sept. 17, after which the bonds will be canceled.
As previously reported, the early redemption is part of a reorganization plan that also included signing a new £300 million four-year, sustainability-linked revolving credit facility, which replaces FirstGroup’s former syndicated and bilateral banking facilities.
The group also recently repaid Covid relief government financing as well as all of its private placement debt. Its £200 million 6.875% bonds due September 2024 are not affected and remain outstanding.
FirstGroup is a passenger transport group based in Aberdeen, Scotland.
© 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.