• Whitbread makes £102m placement

Whitbread has concluded an issue of private placement notes with an equivalent value of £102m as part of plans to secure the group’s long-term debt.

The proceeds will be used to repay drawings under existing shorter-dated bank facilities. The notes were issued in three series, maturing in between seven and 10 years, at between 4.55% and 5.19%. Christopher Rogers, group FD, said the issue had been met with "strong demand".

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