On 5 April, Simonds Farsons Cisk plc announced that its Board of Directors approved an application to the Listing Authority requesting the approval of a new €15 million unsecured and unsubordinated bond issue. The Bonds will mature between 15 June 2017 and 15 June 2020.
The proceeds of the Bond Issue will be mainly used to finance the redemption of the existing €9.3 million 6.6% Bonds 2010-2012 which can be redeemed from 2 November 2010. The balance will be applied for the general financing requirements of the Farsons Group, including the construction of a new brewhouse.
Further information on the new bonds will be communicated in due course following approval by the Listing Authority.