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British Land calls remaining £60.03 million of 6.75% bonds at 118.274
By Susanna Moon
Chicago, Feb. 27 – British Land Co. plc said it called its remaining £60,034,000 of outstanding 6.75% first mortgage debenture bonds due 2020.
The notes will be redeemed at 118.274% of par plus accrued interest to but excluding March 31, according to a company notice.
After the repurchase, there will be no more of the bonds left outstanding.
The principal paying agent is Bank of New York Mellon.
As previously reported, investors tendered £109.6 million of the 6.75% bonds in an offer that ended at 11 a.m. ET on Dec. 1, 2015 at a purchase price of 119.874% of par.
British Land is a London-based real estate company.
© 2015 Prospect News.
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