Smiths Group issues €600m bond

Technology group Smiths Group has launched a senior bond worth €600m (£431.4m), which will be used for general corporate funding purposes and to repay certain existing debt.The notes will be priced with a fixed coupon of 1.25% and will have a maturity in April 2023."This bond issue is a successful refinancing exercise for the group, extending maturity profiles and reinforcing the stability of our balance sheet and financing profile over the long term," said group finance director Peter Turner.Smiths shares were up 0.44% to 1,147.00 at 08:21 on Friday. Smiths Group