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Rentokil buys back €174m of bonds in debt reduction exercise
StockMarketWire.com
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Pest control giant Rentokil Initial has purchased €174.3 million of its bonds from holders, it announced this morning.
The company initially aimed to buy back €350 million of the securities, but has hit approximately half of this target.
The bonds are due to mature on 7 October 2021, and pay a coupon of 3.25%.
Rentokil Initial still has €175.7 million of this debt outstanding following the buyback offer.
Story provided by StockMarketWire.com
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