Summary
WILLIAM Hill, one of Britain's biggest bookmakers, is drawing up plans to reduce its Pounds 850 million debt by issuing bonds to investors. This follows a heavily discounted Pounds 350 million rights issue in February.
An insider said talks with banks were at an early stage and the size of the bond issue was still being considered. The company's banks include Barclays, Royal Bank of Scotland, Lloyds TSB and HSBC. It is understood that Citigroup has been appointed to review its options.See the full content of this document
Extract
William Hill Poised to Issue Bonds
The source added that no final dec...
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