Sainsbury Announces Terms Of GBP250 Million Offering
July 23 2015 - 11:08AM
Dow Jones News
LONDON-- J Sainsbury PLC (SBRY.LN) Thursday announced the final
terms of its offering of 250 million pound ($390 million) perpetual
subordinated convertible bonds it is raising for general corporate
purposes.
The Hybrid Bonds will have a coupon of 6.50% per annum and the
Convertible Bonds will have a coupon of 2.875% per annum.
Shares at 1436 GMT, down 6 pence, or 2.3%, at 266 pence valuing
the company at GBP5.1 billion.
-Write to Rory Gallivan at rory.gallivan@wsj.com; Twitter:
@RoryGallivan
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