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Vodafone confirms results of £184m bond repurchase

By Josh White

Date: Monday 10 Dec 2018

Vodafone confirms results of £184m bond repurchase

(Sharecast News) - Vodafone Group announced the results of its previously-announced invitation to bond holders to offer to sell their bonds for cash on Monday.
The FTSE 100 telecoms group said the purchase price had been set at the minimum purchase price of £97,000 per £100,000 in principal amount of the bonds.

It said no bonds tendered for purchase at an offer price above that would be accepted for purchase.

"Eligible bondholders who have submitted valid tender instructions and whose bonds are accepted for purchase in the invitation will receive on the settlement date a cash consideration equal to the purchase price for each bond accepted for purchase," the Vodafone board explained in its statement.

The company's invitation expired at 1630 GMT on Friday.

"Vodafone has decided to accept for purchase Bonds submitted pursuant to valid tender instructions which specified an offer price equal to the purchase price in an aggregate principal amount of £183.9m."

The settlement was expected to occur on 12 December, with HSBC acting as the settlement agent.


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