- 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
With Bank of England reducing the interest rates to a historic low level, the spotlight is back on diverse investment opportunities.
Amidst this, are you getting worried about these falling interest rates and wondering where to put your money?
Well! Team Kalkine has a solution for you. You still can earn a relatively stable income by putting money in the dividend-paying stocks.
We think it is the perfect time when you should start accumulating selective dividend stocks to beat the low-interest rates, while we provide a tailored offering in view of valuable stock opportunities and any dividend cut backs to be considered amid scenarios including a prolonged market meltdown.