By Razak Musah Baba
LONDON--Rolls-Royce PLC (RR.LN) has priced a dollar-denominated issue of notes raising $1.5 billion to help boost the company's liquidity.
The U.K. aircraft-engine maker said Wednesday that the notes will be issued by Rolls-Royce PLC and guaranteed by Rolls-Royce Holdings PLC.
The transaction consists of $500 million aggregate principal amount of 2.375% notes due 2020 and $1 billion aggregate principal amount of 3.625% notes due 2025 and is the debut issuance for the Rolls-Royce Group in this market, it said.
It is expected that the proceeds of the offering will be used for general corporate purposes and to enhance liquidity, it added.
Shares at 0808 GMT were up 4 pence, or 0.5%, at 742 pence, valuing the company at GBP13.64 billion.
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