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Pin to quick picksASOS Share News (ASC)

Share Price Information for ASOS (ASC)

London Stock Exchange
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Share Price: 4,752.00
Bid: 4,748.00
Ask: 4,751.00
Change: 2.00 (0.04%)
Spread: 3.00 (0.06%)
Open: 4,792.00
High: 4,805.00
Low: 4,700.00
Yest. Close: 4,750.00
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ASOS prices GBP500 million senior unsecured convertible bonds offering

Fri, 9th Apr 2021 09:30

(Alliance News) - ASOS PLC on Friday announced the pricing and final terms of a GBP500 million of senior unsecured guaranteed convertible bonds due 2026 offering by its wholly owned subsidiary Cornwall (Jersey) Ltd.

The online retailer said the bonds, which were launched on Thursday, will have a coupon of 0.8% per annum payable semi-annually in arrears on April 16 and October 16 each year.

ASOS said the initial conversion price is set at a premium of 48% above the reference share price of GBP54.00.

On Thursday, ASOS said the net proceeds will provide it with additional flexibility to continue to invest behind its global growth strategy. It will also be able to refinance the Topshop brands acquisition, which it completed in February.

Shares in ASOS were down 3.4% at 5,400.00 pence in London on Friday.

By Zoe Wickens; zoewickens@alliancenews.com

Copyright 2021 Alliance News Limited. All Rights Reserved.

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