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Hammerson PLC - London-based property development and investment company - Announces indicative results of invitations on August 31 to holders of outstanding bonds, to tender them for cash purchases. Tender offers include £350.0 million at 3.500% due 2025, and £300.0 million at 6.00% due 2026. Company received tenders of £96.1 million total for the 2025 bonds and £88.4 million for the 2026 bonds by the deadline on Thursday. Hammerson expects acceptances of £11.7 million of the 2025 bonds at 7.1% scaling factor, and of all £88.4 million of the 2026 bonds. Current stock price: 24.80 pence, down 0.2% in London on Friday 12-month change: up 17% Copyright 2023 Alliance News Ltd. All Rights Reserved.
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