April 17, 2020 / 12:52 PM / 4 months ago

FACTBOX-UK companies raise money to weather the coronavirus pandemic

 (Adds Informa, Foxtons and Bloomsbury Publishing)
    April 17 (Reuters) - Britain's markets watchdog has set out
temporary measures to help companies raise cash quickly to
weather the coronavirus pandemic that has shuttered much of the
economy.
    The Financial Conduct Authority (FCA) said on Wednesday it
was likely that many companies will turn to capital markets to
raise money to support the recovery to come.
    Here is a list of some UK-listed companies that have already
resorted to raising money through equity or debt to cope with
the health crisis:  

EQUITY:  
 DATE    COMPANY NAME       SIZE               COSTS
 Apr-17  Foxtons Group Plc  22 million STG     4.2% premium
 Apr-17  Bloomsbury         8.4 million STG    5% discount
         Publishing                            
 Apr-16  Informa Plc        1 billion STG      4% discount
 Apr-09  Restaurant Group   57 million STG     3.2% discount
 Apr-08  ASOS               247 million STG    Slight premium
 Apr-08  MJ Gleeson         16.4 million STG   3.4% premium
 Apr-08  Safestyle UK       8.5 million STG    1.7% premium
 Apr-07  WH Smith           165.9 million STG  4% discount
 Apr-03  Joules Group       15 million STG     7% discount
 Apr-02  Hays               200 million STG    13% discount
 Apr-02  Carnival Corp      $575 million       9% discount
 Apr-01  Auto Trader        186 million STG    8.9% discount
 Mar-30  Aston Martin       536 million STG    Not priced
 Mar-25  SSP Group          216 million STG    6.2% premium
 Mar-20  Hotel Chocolat     22 million STG     3% discount
 Feb-21  Hornby             15 million STG     1.7% premium
                            Total: $3.96       Average
                            billion            discount: 2.7%
 DEBT:  
 DATE    COMPANY NAME   SIZE                 COSTS
 Apr-08  BAE Systems    $1.3 billion         3.4% interest per
                                             year
 Apr-07  SSE            1.1 billion euros    1.25%-1.75% coupon
                                             rates with varying
                                             maturities
 Apr-02  Carnival Corp  $1.95 billion        11.5% and 5.75%
                                             coupon rates due
                                             2023
 Apr-01  Experian       400 million STG      3.25% coupon rate
 Mar-31  Anglo          $1.50 billion        5.375%-5.625%
         American                            coupon rates with
         Capital                             varying maturities
 Mar-27  Mondi          750 million euros    2.375% coupon rate
 Mar-24  Diageo         1.75 billion euros;  1.875%-2.875%
                        300 million STG      coupon rates at
                                             varying maturities
 Mar-05  Sirius Real    50 million euros     1.6% interest
         Estate                              
                        Total: $9.59         
                        billion              
 
Note: Total has been calculated after conversion into dollar
amounts, taking the following exchange rates: $1 = 0.9205 euros,
$1 = 0.8073 pounds; Average discount includes those priced at a
premium

Source: Company announcements, Reuters calculations

 (Compiled by Yadarisa Shabong and Tanishaa Nadkar in Bengaluru;
Editing by Jan Harvey and Emelia Sithole-Matarise/Mark Heinrich)
  
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