Vodafone closes sale of hybrid securities due 2081

(Alliance News) - Vodafone Group PLC on Friday said it has closed a hybrid securities offering. ...

Alliance News 4 June, 2021 | 4:58PM
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(Alliance News) - Vodafone Group PLC on Friday said it has closed a hybrid securities offering.

The FTSE 100-listed telecommunications firm said the securities are due on June 4, 2081. Vodafone has applied to list the securities on the Nasdaq Global Market.

The company said it has generated net proceeds of USD2.43 billion from the sale of the hybrid securities. Vodafone intends to use these net proceeds for general corporate purposes.

Vodafone shares closed 0.3% higher in London on Friday at 127.94 pence each.

By Evelina Grecenko; evelinagrecenko@alliancenews.com

Copyright 2021 Alliance News Limited. All Rights Reserved.

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Securities Mentioned in Article

Security Name Price Change (%) Morningstar
Rating
Vodafone Group PLC 115.44 GBX 1.23

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