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IN BRIEF: Experian issues $1 billion in 10-year bonds at 5.35%

ALN

Experian PLC - Dublin-based provider of consumer credit score checking, fraud detection and credit application processing services - Prices an issue of $1 billion in bonds due August 24, 2036 with a 5.35% coupon. The notes will issued by subsidiary Experian Finance US Inc and guaranteed by the parent. They will trade on Euronext Dublin. The offer is scheduled to close on Wednesday next week. Experian says the bond issue will extend the maturity of its debt portfolio and diversify its funding sources. The proceeds will be used to repay some other debt and for general corporate purposes.

Current stock price: 2,559.00 pence flat in London early Wednesday

12-month change: down 33%

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