LONDON - Burberry Group (OTC:BURBY) PLC has released a prospectus for a new issue of notes, the company announced today. The luxury fashion house is issuing £150 million in 5.750 percent notes set to mature on June 20, 2030. The notes come with an unconditional and irrevocable guarantee from several of the group's subsidiaries, including Burberry (LON:BRBY) Limited (UK), Burberry Limited (US), Burberry (Wholesale) Limited, and Burberry Asia Limited.
This financial move was officially sanctioned by the Financial Conduct Authority (FCA), with the prospectus now publicly accessible. Interested parties can view the full document through Burberry's corporate website or inspect it via the National Storage Mechanism, a repository mandated by the FCA.
Burberry, a brand synonymous with British luxury, has a significant presence on the global stage and is a mainstay in the fashion industry. The company, which was founded in 1856, operates from its headquarters in London and is publicly traded. Burberry's shares are listed on the London Stock Exchange (LON:LSEG) under the ticker LSE:BRBY and are part of the FTSE 250 index. For investors in the United States, Burberry's ADR is traded over the counter with the symbol OTC:BURBY.
The publication of this prospectus is a key financial event for Burberry and marks the company's latest step in capital management. It's a strategic move that could potentially attract a range of institutional and retail investors. The prospectus details are explicitly intended for residents of specific countries and are not designed for broader distribution or use by individuals outside of these jurisdictions.
The announcement of the notes issue is based on a press release statement by Burberry Group PLC. As with all financial instruments, the notes offer comes with inherent risks and rewards, which are detailed in the prospectus. Investors are advised to review the prospectus in full to understand the terms and conditions before making any investment decisions.
Burberry's trademarks, including the Equestrian Knight Device, the Burberry Check, and the Thomas Burberry Monogram and Print, are assets that underline the company's heritage and brand value in the competitive luxury market.
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