LONDON--Credit checking company Experian PLC (EXPN.LN) said Monday that its subsidiary, Experian Finance PLC has priced an issue of 500 million euros ($560.1 million) 1.375% bonds due 2026.

The bonds will be issued by Experian Finance PLC under the terms of its Euro medium term note program, which is guaranteed by Experian PLC.

Experian PLC said this bond issue extends the maturity of the group's debt portfolio and diversifies its funding sources.

The proceeds will be used for general corporate purposes, including repayment of an upcoming bond maturity, it added.

Shares at 1035 GMT up 18 pence, or 1.1%, at GBP16.49, valuing the company at GBP15.55 billion.

-Write to Razak Musah Baba at razak.baba@wsj.com; Twitter: @Raztweet

(END) Dow Jones Newswires

May 22, 2017 06:54 ET (10:54 GMT)

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