| Add to balance / Manage account | User: | Log out |
| Prospect News home > News index > List of issuers C > Headlines for Co-operative Group Ltd. > News item |
Co-operative Group selling £250 million five-year ‘sustainability’ notes
By Paul A. Harris
Portland, Ore., May 7 – U.K.-based Co-operative Group Ltd. was scheduled to market a £250 million offering of five-year senior “sustainability” bullet notes (S&P: expected BB) on a global conference call with investors on Tuesday, according to a market source.
Bookrunner Barclays will bill and deliver for the Regulation S offering. ING and Lloyds Bank Corporate Markets are also joint bookrunners.
The notes become callable at par three months prior to maturity but are otherwise non-callable.
The Manchester-based consumer co-operative plans to use the proceeds to finance and refinance eligible sustainability projects as defined in its sustainability framework.
Co-operative Group is focused on diverse family of retail businesses, including food retail and wholesale, electrical retail, financial services, insurance services, legal services and funeral care.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.