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Derwent London plc announced that its wholly-owned subsidiary, London Merchant Securities Limited, redeemed its £175 million 6.5% secured bonds in full at maturity on 16 March 2026. These bonds were originally issued in 2001, and the redemption was funded from existing liquidity resources, leaving the Group's net debt position unchanged.
| Date | 16 Mar 2026 |
| Time | 16:00:00 |
| Category | Miscellaneous |
| ID | 8341W |
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Derwent London plc Redemption of the London Merchant Securities Limited £175 million 6.5% Secured bonds 2026 |
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.
For further information, please contact:
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Derwent London Tel: +44 (0)20 3478 4217 (Robert Duncan) |
Damian Wisniewski, Chief Financial Officer Jay Joshi, Group Financial Controller Robert Duncan, Head of Investor Relations |
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Brunswick Group Tel: +44 (0)20 7404 5959 |
Nina Coad Peter Hesse |