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Published on 12/21/2010 in the Prospect News Liability Management Daily.

Centrica buys back €30 million of 7.125% notes due Dec. 2013

By Toni Weeks

San Diego, Dec. 21 - Centrica plc announced it has repurchased €30 million of its 7.125% notes due Dec. 2013. Following the repurchase, the amount of securities outstanding is €366.56 million.

The repurchase follows a cash tender offer for these and other notes that was completed on Dec. 1. Centrica bought £115,501,000 of its £400 million 5.875% notes due 2012, €353,437,000 of the €750 million 7.125% notes and £35,109,000 of its £350 million 5.125% notes due 2014.

Centrica is a gas distributor based in Windsor, England.


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