Punch Taverns Bought Bonds

April 29, 2009 by admin · Leave a Comment
Filed under: Business News 

The leading pub and bar operator in the UK—Punch Taverns owns over 8400 pubs leased, tenanted and managed pubs in its management portfolio. In recent weeks, it has been gradually moving higher.
The tenanted pub group has bought back £15 million worth of outstanding bonds as part of its varied efforts to tackle its £4.5 billion debt pile. The company has also been selling off a number of its pubs in order to raise cash. Several hundred of its lessees are said to be interested in buying their pubs back from Punch.

ss_blog_claim=d8b71225e22bcdd26f96fbebe990c628 ss_blog_claim=d8b71225e22bcdd26f96fbebe990c628