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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 |
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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