Smiths Group launches 400m dollar bond offering
Smiths Group is to launch a 400m dollar-denominated bond offering, saying that the funds will be used for general corporate funding purposes and to repay certain existing debt.
Smiths Group is to launch a 400m dollar-denominated bond offering, saying that the funds will be used for general corporate funding purposes and to repay certain existing debt.
The notes, with a coupon of 3.625%, mature in October 2022 and the offer is expected to close on October 12th 2012. They will be guaranteed by Smiths Group International Holdings and rank as unsecured debt.
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