REG - Rentokil Initial PLC - Issue of new EUR 500m bond

Mon Sep 17, 2012 10:15am EDT

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RNS Number : 4491M
Rentokil Initial PLC
17 September 2012




17 September 2012



Rentokil Initial plc

Issue of new €500m bond



In its Interim Results published on 3 August 2012, Rentokil Initial plc (the "Company") noted that it was reviewing its medium-term financing requirements.


Having completed its review, the Company is pleased to announce that it has today agreed the issue of €500 million 3.375% bonds due 24 September 2019. Further information will be provided at the Company's Q3 results on 9 November.


The bonds will be issued under the Company's Euro Medium Term Note Programme and are expected to be issued on 24 September 2012.  Application will be made for the bonds to be listed in the official list of the UK Listing Authority and to be admitted to trading on the London Stock Exchange.


Jeremy Townsend, Chief Financial Officer of Rentokil Initial plc, said:


"I am delighted by the success of this issue, which secures a significant element of our debt at a coupon of 3.375% and extends our maturity profile."





About Rentokil Initial plc


Rentokil Initial is one of the largest business services companies in the world, operating in all the major economies of Europe, North America, Asia Pacific and Africa.  The Company has some 66,000 employees providing a range of support services in over 60 countries.






Investors / Analysts enquiries:

Katharine Rycroft, Investor Relations                                          Rentokil Initial plc              01293 858 166


Media enquiries:

Malcolm Padley, Corporate Communications                                Rentokil Initial plc              07788 978 199

Kate Holgate/ Catriona McDermott                                                Brunswick Group            020 7404 5959





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