Balfour Beatty repays £252.7m convertible bond
Infrastructure group Balfour Beatty has completed the repayment of its £252.7m convertible bond, it announced on Tuesday.
Balfour Beatty
366.20p
13:09 24/04/24
0.44%
1.60p
Construction & Materials
9,880.13
13:09 24/04/24
-0.44%
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13:10 24/04/24
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13:10 24/04/24
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FTSE All-Share
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13:10 24/04/24
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The FTSE 250 company said the payment was made from available cash resources within the group.
“As a result of the repayment, Balfour Beatty has now paid down 45% of its gross debt in the last 12 months,” its board said in a short statement.