LONDON (Alliance News) - Vodafone Group PLC on Monday said it has accepted GBP183.9 million in bonds submitted by holders as part of its previously announced tender offer of up to half of its GBP600.0 million zero-coupon equity-linked bonds due 2020.
Vodafone said it set the minimum purchase price for the tender GBP97,000 per GBP100,000 in principal amount. No bonds tendered above that purchase price will be accepted, the company said.
The blue chip telecommunications had announced the tender on Thursday last week, calling it an "opportunistic liability management exercise". Settlement is expected to occur on Wednesday this week.
Shares in Vodafone Group were down 1.4% at 160.50 pence on Monday.