Associated British Foods Launches GBP400 Million Inaugural Public Bond
10 Februar 2022 - 8:46AM
Dow Jones News
By Jaime Llinares Taboada
Associated British Foods PLC said Thursday that it has
successfully launched its inaugural public bond to raise 400
million pounds ($541.4 million).
The British food and retail conglomerate said that the 2.5%
bonds are due in 2034, and are expected to be rated 'A' by S&P
Global Ratings.
"These bonds will diversify the source of funding for the group.
They will enhance our liquidity and support the continued
investment for growth in our businesses," Finance Director John
Bason said.
Write to Jaime Llinares Taboada at jaime.llinares@wsj.com;
@JaimeLlinaresT
(END) Dow Jones Newswires
February 10, 2022 02:31 ET (07:31 GMT)
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