| Add to balance / Manage account | User: | Log out |
| Prospect News home > News index > List of issuers W > Headlines for Wm Morrison Supermarkets plc > News item |
Wm Morrison calls 4 5/8% notes for redemption on May 6
Chicago, May 3 – Wm Morrison Supermarkets plc is calling its £400 million 4 5/8% notes due Dec. 8, 2023 for redemption on May 6, according to an announcement.
The notes are guaranteed by Safeway Ltd., Safeway Stores Ltd. and Optimisation Investments Ltd. under a £3 billion euro medium-term note program.
The issuer appointed a financial adviser to determine the optional redemption amount based on the higher of par and the price at which the gross redemption yield on the notes is equal to the gross redemption yield of the reference bond plus any applicable margin.
The calculation was made at 10 a.m. ET on May 3.
Interest will also be paid.
The optional redemption amount is £1,047.80 per £1,000 note. The interest amount due will be £18.93 per note.
Wm Morrison is a Bradford, U.K.-based supermarket group.
© 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.