Birmingham City Council Repurchase and cancellation of Loan Notes
November 05 2024 - 12:15PM
RNS Regulatory News
RNS Number : 0628L
Birmingham City Council
05 November 2024
Birmingham City Council ("the
Council") announces that it has repurchased £72,899,000 nominal of
its £214,971,000 9.675% Loan Notes due 2030 ("the Bonds") at a
price of 120.43, representing a total consideration of
£87,794,073.
Following this purchase,
£142,072,000 nominal of the Loan Notes remains outstanding. The
Loan Notes which have been repurchased will be surrendered by the
Council for cancellation.
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