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Alpha Plus issues redemption notice for 5% secured bonds due 2024
Chicago, Oct. 12 – Alpha Plus Holdings Ltd. issued an early redemption notice for the £130 million of 5% secured bonds due March 31, 2024 (ISIN: XS1379593566), according to a notice.
The bonds were issued on March 31, 2016.
The company will redeem all of the bonds that remain outstanding on Nov. 13 at par.
Potentially, there could have been a premium. The company consulted Allia C&C and determined that the U.K. Treasury due 2024 was the reference security and calculated the redemption price accordingly.
Unpaid interest will be paid up to the repayment date.
The London-based holding company is related to Alpha Plus Group, an operator of schools and nurseries in the United Kingdom. The company was recently sold, a transaction that closed on Oct. 11.
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