National Express Group PLC Pricing of Bond (7839N)
October 28 2016 - 10:53AM
UK Regulatory
TIDMNEX
RNS Number : 7839N
National Express Group PLC
28 October 2016
28 October 2016
National Express announces pricing of 7-year bond under the GBP1
billion Euro Medium Term Note Programme
National Express Group PLC ('National Express' or the 'Group')
announces that it has priced the issue of a GBP400 million 2.5 per
cent bond due 11 November 2023 (the 'Bond') under the
GBP1,000,000,000 Euro Medium Term Note Programme. The Bond is
expected to be rated Baa3 by Moody's and BBB- by Fitch. The joint
bookrunners for the issue are Bank of America Merrill Lynch,
Barclays, HSBC and Santander.
National Express intends to use the proceeds of the Bond for
general funding purposes including the repayment of existing
debt.
Commenting on the issue, Matthew Ashley, Group Finance Director,
said:
"We are delighted by the success of this issue and by the strong
support shown by bond investors in National Express Group".
Enquiries
National Express Group
PLC
Matthew Ashley, Group
Finance Director 0121 460 8655
Louise Richardson, Investor
Relations Manager 07827 807766
Maitland
Rebecca Mitchell 020 7379 5151
DISCLAIMER - INTENDED ADDRESSEES
Please note that the information contained in the Prospectus may
be addressed to and/or targeted at persons who are residents of
particular countries (specified in the Prospectus) only and is not
intended for use and should not be relied upon by any person
outside these countries and/or to whom the offer contained in the
Prospectus is not addressed. Prior to relying on the information
contained in the Prospectus, you must ascertain from the Prospectus
whether or not you are one of the intended addressees of the
information contained therein.
Your right to access this service is conditional upon complying
with the above requirement.
This information is provided by RNS
The company news service from the London Stock Exchange
END
MSCUWVSRNUARUAA
(END) Dow Jones Newswires
October 28, 2016 10:53 ET (14:53 GMT)
Mobico (LSE:MCG)
Historical Stock Chart
From Mar 2024 to Apr 2024
Mobico (LSE:MCG)
Historical Stock Chart
From Apr 2023 to Apr 2024