LONDON (SHARECAST) - Rentokil Initial, the laundry and pest control conglomerate, is to raise half a billion euros through a bond issue.
The bonds will carry a coupon of 3.375% and will have a life-span of seven years.
Application will be made for the bonds to be listed in the official list of the UK Listing Authority and to be admitted to trading on the London Stock Exchange.
Jeremy Townsend, Chief Financial Officer of Rentokil Initial, said the issue "secures a significant element of our debt at a coupon of 3.375% and extends our maturity profile."
Shares in Rentokil were little changed on the news, which was flagged in the company's interim results in August.
LONDON (SHARECAST) - Rentokil Initial, the laundry and pest control conglomerate, is to raise half a billion euros through a bond issue.
