LONDON – Annington Funding PLC has introduced the redemption quantity for its £400 million 4.750 p.c notes due August 9, 2033. The corporate, together with its guarantors—Annington Restricted, Annington Property Restricted, and Annington Houses Restricted—acknowledged that the redemption worth is about at 100% of the nominal quantity excellent.
The announcement, made right now, follows a discover issued on December 17, 2024, during which the issuer exercised its choice to redeem all excellent 2033 Redemption Notes on January 14, 2025. This transfer is topic to the satisfaction or waiver of the Financing Situation outlined within the phrases and situations of the notes.
Numis Securities Restricted, performing because the Unbiased (LON:) Monetary Adviser, has decided the optionally available redemption quantity in accordance with the issuer’s name possibility underneath the situations of the notes.
If the Financing Situation will not be glad by the Optionally available Redemption Date, Annington Funding PLC could postpone the redemption or withdraw the discover completely. Noteholders in search of additional info have been directed to contact Annington Funding’s investor relations or media representatives.
This redemption initiative is a part of the corporate’s £5 billion Euro Medium Time period Be aware Programme, underneath the belief deed dated September 27, 2021, with BNY Mellon (NYSE:) Company Trustee Providers Restricted serving as trustee.
The main points offered on this article are based mostly on a press launch assertion from Annington Funding PLC.
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