Longer and cheaper: Dignity refinances £595m securitization
Dignity, the UK funeral services business, has completed the refinancing of its whole business securitization, issued in 2002. The exchange offer and issue of new notes allows it to extend the average maturity of its bonds from 10 to 22 years, and still save £7m a year of interest costs.
Unlock this article.
The content you are trying to view is exclusive to our subscribers.
To unlock this article:
- ✔ 4,000 annual insights
- ✔ 700+ notes and long-form analyses
- ✔ European securitization issuance database
- ✔ Daily newsletters across markets and asset classes
- ✔ 1 weekly securitization podcast