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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