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Keystone to redeem all 7.75% debentures, 6.5% bonds on March 13
By Sarah Lizee
Olympia, Wash., Feb. 10 – Keystone Investment Trust plc plans to redeem all of its outstanding 7.75% debenture stock 2020 and all of its outstanding 6.5% bonds due 2023 on March 13, according to a notice.
The 7.75% debentures will be redeemed at £103.87 per £100 principal amount plus accrued interest up to and including the redemption date.
The 6.5% bonds will be redeemed at £118.41 per £100 principal amount plus accrued interest up to and including the redemption date.
The redemption will be funded from a new £45 million committed revolving credit facility.
Keystone Financing provides medium- and long-term financing for the Keystone JVco Ltd. Group of companies. The company is based in Doncaster, U.K.
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