April 19, 2018 / 3:09 PM / 5 months ago

BRIEF-Grainger Prices £350 Mln Senior Secured Bond At Coupon Of 3.375 Pct For 10 Years

April 19 (Reuters) - Grainger PLC:

* GRAINGER PLC - HAS PRICED A £350M STERLING-DENOMINATED SENIOR SECURED BOND AT A COUPON OF 3.375% FOR 10 YEARS.

* GRAINGER PLC - NET PROCEEDS FROM ISSUE OF NOTES WILL BE USED TO REDEEM EXISTING CORPORATE BOND (£275M AT A COUPON OF C.5%) THAT MATURES IN 2020 Source text for Eikon: Further company coverage:

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