Tate & Lyle tender offer pricing



24 November 2009 @ 03:08 pm BST

Tate & Lyle has announced the pricing of the tender offer by its subsidiary, Tate & Lyle International Finance, to holders of its £200m 6.50% notes due 2012.

The repurchase price will be be £1079.24 per £1000.

The company will also pay accrued interest of £27.07 per £1000 in nominal amount of such notes.

The total cash payment will amount to £1106.31.

Settlement is expected to occur on 27 November.

Story provided by Business Financial Newswire

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