Aircraft-engine Maker Rolls-Royce Issues US Bonds
October 07 2015 - 5:33AM
Dow Jones News
By Razak Musah Baba
LONDON--Rolls-Royce PLC (RR.LN) has priced a dollar-denominated
issue of notes raising $1.5 billion to help boost the company's
liquidity.
The U.K. aircraft-engine maker said Wednesday that the notes
will be issued by Rolls-Royce PLC and guaranteed by Rolls-Royce
Holdings PLC.
The transaction consists of $500 million aggregate principal
amount of 2.375% notes due 2020 and $1 billion aggregate principal
amount of 3.625% notes due 2025 and is the debut issuance for the
Rolls-Royce Group in this market, it said.
It is expected that the proceeds of the offering will be used
for general corporate purposes and to enhance liquidity, it
added.
Shares at 0808 GMT were up 4 pence, or 0.5%, at 742 pence,
valuing the company at GBP13.64 billion.
-Write to Razak Musah Baba at razak.baba@wsj.com; Twitter:
@Raztweet
Subscribe to WSJ: http://online.wsj.com?mod=djnwires
(END) Dow Jones Newswires
October 07, 2015 05:18 ET (09:18 GMT)
Copyright (c) 2015 Dow Jones & Company, Inc.
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