Sobeys to redeem C$500 million of 4.7% series 2013-2 notes on June 2

By Mary-Katherine Stinson

Lexington, Ky., May 3 – Sobeys Inc. will redeem the remaining C$500 million of its 4.7% series 2013-2 notes due August 2023 on June 2, according to a news release.

Upon the redemption, noteholders will receive a total of C$1,033.079 per C$1,000 of notes. This includes the redemption price of C$1,018.40 plus accrued interest of C$14.679 per C$1,000 of notes.

The redemption will total C$9.2 million before tax.

The Stellarton, N.S.-based grocery retailer is a wholly owned subsidiary of Empire Co. Ltd.

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