Ocado Group plc moves to raise £600m

Quick Summary:

RetailTech Ocado Group plc is looking to raise £600 million via a convertible bond offering and high yield offering.

Settlement and delivery of the bonds is expected to take place on or about 6th August 2024.

It also intends to offer £350m of sterling-denominated senior unsecured notes due in 2029.

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Article Details

Author / Journalist: Jonathan Symcox

Category: InvestingBusiness

Markets: United Kingdom

Topics: Retail Investment

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-30 @ 07:36:51 (14 hours ago)

News Timezone: GMT +8:00

News Source URL: businesscloud.co.uk

Language: English

Article Length: 169 words

Reading Time: 1 minutes read

Sentences: 9 lines

Sentence Length: 19 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © BusinessCloud

News ID: 21851878

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