Print Published 28th Feb 2019, 19:50

WPP to redeem £200m debt prematurely

WPP appears eager to reduce the cost of its borrowings as today it offered to redeem £200 million in guarantee bonds prematurely.

The bonds carry an interest rate of 6.375% and were scheduled to be redeemed in September 2020.  Under the tender offer, the bonds will be redeemed on 27 March.