Burberry Prices £300M Bond, Eyes Corporate Growth
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Burberry Prices £300M Bond, Eyes Corporate Growth

Burberry (GB:BRBY) has released an update.

Burberry Group PLC has successfully set the price for a £300 million bond at 5.75%, which will mature on June 20, 2030. The funds raised by this medium-term bond will be allocated for general corporate purposes and the bond is anticipated to receive a Baa2 rating from Moody’s Investor Services. This financial move is targeted towards eligible counterparties and professional clients, with restrictions on availability to retail investors in the EEA, the UK, and the US.

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