Tuesday, 27 Oct 2020 09:13 PM MYT
The approval of the capital raise boosts the group’s total liquidity by £5 billion by unlocking extra debt options, including £2 billion from a bond issued earlier this month and an extra £1 billion from a two-year bank loan.Airlines pay Rolls based on how many hours its engines fly and a plunge in flying during the crisis has put Rolls’s finances under intense scrutiny.
Under the terms of the rights issue, investors can buy 10 new shares for every three they own at 32 pence each, a 41 per cent discount to the theoretical ex-rights price.
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Rolls-Royce seeks US$2.6b in make-or-break share issue | Malay MailLONDON, Oct 26 — Aero-engine maker Rolls-Royce will ask shareholders tomorrow for £2 billion (US$2.6 billion) in a make-or-break attempt to survive the Covid-19 pandemic, which has stopped planes flying and hammered its finances. At stake is the future of a company which has been at the heart of...
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Rolls-Royce seeks US$2.6b in make-or-break share issue | Malay MailLONDON, Oct 26 — Aero-engine maker Rolls-Royce will ask shareholders tomorrow for £2 billion (US$2.6 billion) in a make-or-break attempt to survive the Covid-19 pandemic, which has stopped planes flying and hammered its finances. At stake is the future of a company which has been at the heart of...
Source: malaymail - 🏆 1. / 86 Read more »