Cadbury Schweppes has announced that it intends to buy-back up to GBP300m of its outstanding GBP400m 4.875% Guaranteed Notes which are due to be paid in 2010.
Cadbury Schweppes has announced that it intends to buy-back up to GBP300m of its outstanding GBP400m 4.875% Guaranteed Notes which are due to be paid in 2010.
The confectioner said that it will pay between GBP0.47-0.49 per share. The purchase price is based on the tender spread range to the 4.75% UK Treasury Gilt due on 7 June 2010 (reference bond). The company added that it might change the amount to be repurchased at any time.
The repurchase will realign the group’s debt maturity profile following the recent sale of its European Beverages division.
Sign up for our daily news round-up!
Give your business an edge with our leading industry insights.
Nominations are now closed for the Just Food Excellence Awards. A big thanks to all the organisations that entered – your response has been outstanding, showcasing exceptional innovation, leadership, and impact.
Excellence in Action Winning five categories in the 2025 Just Food Excellence Awards, Centric Software is setting the pace for digital transformation in food and FMCG. Explore how its integrated PLM and PXM suitedelivers faster launches, smarter compliance and data-driven growth for complex, multi-channel product portfolios.