Smiths Group completes €600m bond offering

29th Apr 2015 08:01

Technology group Smiths Group has closed the €600m (£428.4m) bond offering, which was launched on 23 April.The FTSE 100 group said it will use the proceeds from the offering for general corporate funding purposes and to repay existing debt.On Friday, group finance director Peter Turner described the bond issue as "a successful refinancing exercise for the group."Read more: Smiths Group issues €600m bondSmiths Group shares were up 0.86% to 1,167.00p at 08:13 on Wednesday.