Ocado Group Plc announces bond issue

  • Dec 02, 2019 GMT
  • Team Kalkine
 
  • The company intends to issue £ 500 million of senior unsecure convertible bonds which are guaranteed and due in 2025
  • The company will utilise the proceeds for funding capital expenditure and general corporate purposes
  • The bonds will be issued at par and carry a coupon rate of 0.75%-1.25 per annum
  • Interest is payable semi-annually in arrear on 9 June and 9 December every year

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