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Pin to quick picksMarks & Spencer Share News (MKS)

Share Price Information for Marks & Spencer (MKS)

London Stock Exchange
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Share Price: 286.50
Bid: 286.40
Ask: 286.60
Change: -7.40 (-2.52%)
Spread: 0.20 (0.07%)
Open: 294.70
High: 295.00
Low: 286.00
Prev. Close: 293.90
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Marks & Spencer To Repurchase GBP136.4 Million Of 2021 Notes

Thu, 19th Nov 2020 18:03

(Alliance News) - Marks & Spencer Group PLC on Thursday said it has completed the tender offer for GBP300 million in 6.125% notes due 2021.

Under the offer, GBP136.4 million in the aggregate nominal amount of notes will be purchased by the FTSE 250 food and clothing retailer, while GBP163.6 million remains outstanding.

"Following the announcement of our interim results and the strong cash and liquidity profile of the group, we are delighted by investors' positive response to our new issue and the accompanying tender for the notes due in December 2021, through which we have further strengthened the maturity profile of our debt portfolio," said Chief Financial Officer Eoin Tonge.

Shares in Marks & Spencer closed 1.1% lower at 130.75 pence on Thursday in London.

By Dayo Laniyan; dayolaniyan@alliancenews.com

Copyright 2020 Alliance News Limited. All Rights Reserved.

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