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SBRY Sainsbury (j) Plc

264.20
-0.20 (-0.08%)
02 May 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Sainsbury (j) Plc LSE:SBRY London Ordinary Share GB00B019KW72 ORD 28 4/7P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.20 -0.08% 264.20 264.60 264.80 265.00 262.00 264.20 9,925,045 16:35:05
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Grocery Stores 32.7B 137M 0.0581 45.58 6.24B

J. Sainsbury Launches GBP250 Million Bond Issue

23/07/2015 7:56am

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Sainsbury (j) (LSE:SBRY)
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LONDON--Supermarket chain J. Sainsbury PLC (SBRY.LN) Thursday said it will issue convertible bonds to raise GBP250 million ($390.3 million).

"The proceeds of the offering will be used for the general corporate purposes of the group, including via on-lending to subsidiaries and by way of contributions to the group's pension funds," Sainsburys said.

The perpetual subordinated bonds, which are convertible into ordinary Sainsburys shares, are expected to bear interest of between 2.5% to 3%. The final terms will be announced later Thursday, Sainsburys said.

It said the issue will coincide with another offering.

"Following a series of meetings this week with fixed income investors in London and Edinburgh, the company also announces today the launch of an unrated benchmark GBP denominated non-convertible hybrid capital transaction," Sainsburys said, adding that details will be released separately.

Write to Ed Ballard at ed.ballard@wsj.com

Subscribe to WSJ: http://online.wsj.com?mod=djnwires


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