Shares of Rolls-Royce PLC (LON: RR.) slipped lower today despite the company’s announcement of the pricing of its £2 billion bond offering. The embattled giant seeks ways to boost its finance amid the pandemic.
Rolls-Royce will issue corporate bonds in three tranches of senior unsecured notes. The first will comprise of $1 billion with a coupon of 5.75%; the second of €750 million at 4.625% and the third at £545 million at 5.75%.
The bonds are due to mature in 2026 and 2027, while the offering will close next week on October 21.
WELCOME BONUS - Free Share Bundle When You Invest £50!
Open a UK Investment Account: Shares, ISAs, Managed Portfolio
Invest in 15,000+ shares and ETFs. Open an account now, invest at least £50, and you’ll get a free share bundle worth between £40 and £200. T&Cs apply.
IG
View Offers
Empfohlener Broker
Multi Asset Platform
The company said it had to double the size of the bond offering after witnessing strong demand. This is a part of the bigger refinancing package, worth £5 billion. Besides this £2 billion, Rolls-Royce is also planning a £2 billion rights issue and a new £1 billion loan facility.
Rolls-Royce Share Price currently trades 1.24% in the red, at 177.75p, after falling nearly 4% earlier in the day.
PEOPLE WHO READ THIS ALSO VIEWED:
- Here’s Why Just Eat Takeaway Share Price Just Soared to Fresh Record Highs
- Experience stock trading with a reliable demo account
- Implement Divergence Trading strategy in your daily trading plan