Redemption of the £175m 6.5% Secured bonds 2026
Derwent London plc has announced the full redemption of its £175 million 6.5% secured bonds, issued by its subsidiary London Merchant Securities Limited, which matured on 16 March 2026. The redemption was financed using existing liquidity, and the Group's net debt position remains unaffected by this transaction.
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Derwent London plc (the "Company", together with its subsidiaries, the "Group") announces that the Group's £175 million 6.5% secured bonds, issued by its wholly owned subsidiary London Merchant Securities Limited in 2001, have been redeemed in full at maturity on 16 March 2026.
The redemption was funded from existing liquidity resources. Following redemption, the Group's net debt position remains unchanged.
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.