Ocado is extending its debt maturities by raising millions of pounds in bonds

Ocado-Plum-Van-scaled

Source: Ocado

Online supermarket and tech giant Ocado is extending the maturity of its debt by raising bonds worth millions of pounds.

In an announcement to the London Stock Exchange, the group said it launched a successful offering of £250m of guaranteed unsecured convertible bonds due in 2029 and would offer a further £350m of sterling-denominated senior unsecured notes also due in 2029.

 

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