Experian Finance PLC Price EUR500 Million 1.375% Bonds due 2026
May 22 2017 - 6:09AM
Dow Jones News
LONDON--Credit checking company Experian PLC (EXPN.LN) said
Monday that its subsidiary, Experian Finance PLC has priced an
issue of 500 million euros ($560.1 million) 1.375% bonds due
2026.
The bonds will be issued by Experian Finance PLC under the terms
of its Euro medium term note program, which is guaranteed by
Experian PLC.
Experian PLC said this bond issue extends the maturity of the
group's debt portfolio and diversifies its funding sources.
The proceeds will be used for general corporate purposes,
including repayment of an upcoming bond maturity, it added.
Shares at 1035 GMT up 18 pence, or 1.1%, at GBP16.49, valuing
the company at GBP15.55 billion.
-Write to Razak Musah Baba at razak.baba@wsj.com; Twitter:
@Raztweet
(END) Dow Jones Newswires
May 22, 2017 06:54 ET (10:54 GMT)
Copyright (c) 2017 Dow Jones & Company, Inc.
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