Dixons to recycle debt

The electronics retailer Dixons is seeking to retire some of its existing debt prior to issuing some new loan notes..

The electronics retailer Dixons is seeking to retire some of its existing debt prior to issuing some new loan notes..

The group has offered to buy back up to £130m pounds in outstanding debt. Of the total, £80m would come from the company's outstanding £300m 2012 bond issue which currently yields 6.125%. A further £50m would go on the 8.75% bonds due 2015.

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