British Land Announces Indicative Results of Tender Offer
Why we think this is neutral
The RNS announcement provides details on the indicative results of British Land's cash tender offer for its outstanding bonds. As this is not a mandatory news category, I have assigned a neutral sentiment score.
Key Points
- Indicative Series Acceptance Amount for 2035 Bonds: £78,162,500
- Indicative Series Acceptance Amount for 2028 Bonds: £71,837,295
- Indicative Scaling Factor for 2028 Bonds: 78.996%
Summary
The real estate company has announced the indicative results of its cash tender offer for outstanding bonds.
British Land has announced the indicative results of its separate invitations to holders of its outstanding £330 million 5.264% First Mortgage Debenture Bonds due 2035 and £310 million 5.357% First Mortgage Debenture Bonds due 2028 to tender their Bonds for purchase by the company for cash. The Offers have now expired.
GENERAL UPDATE