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Dixons begins £160m bond repayment Tuesday, 11th September 2012
Photo credit: Dixons Retail
Investors have been further encouraged by Dixons Retail, after the group yesterday began a tender offer to buy back half of the £160 million bonds it is due to repay by 15 November.
According to City AM, Dixons is offering to buy back £80 million of its outstanding 6.125 per cent bonds, along with £50 million of its outstanding £150 million 8.75 per cent guaranteed notes due in 2015.
The move comes just a week after Dixons, who also owns the Currys and PC World brands in the UK, reported a solid 5 per cent rise in sales for its first quarter.