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Iceland Bondco to redeem £25 million of floating-rate notes due 2020
New York, Feb. 15 – Iceland Bondco plc will redeem £25 million of its £79.45 million of outstanding senior secured floating-rate notes due 2020, according to a notice from the issuer.
The notes will be repaid on Feb. 26 at a price of par plus accrued interest up to but excluding the redemption date.
Iceland Bondco will carry out the redemption by repaying 31.4663310258024% of the current outstanding principal amount of the notes.
Following the transaction, $54.45 million of notes will remain outstanding.
Iceland Bondco is a subsidiary of Iceland Topco Ltd., a Deeside, U.K.-based frozen food retailer.
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