Informa : Britain's Informa to issue euro bonds worth £640 million

The world's largest exhibitions group Informa said on Tuesday it would issue euro bonds worth 640 million pounds ($821.70 million) as part of its COVID-19 action plan.

The events firm, which has announced cost cuts including layoffs and office closures to ride out the pandemic, said the bonds would have five-year maturities and a coupon rate of 2.125%.

($1 = 0.7789 pounds)

(Reporting by Aby Jose Koilparambil in Bengaluru; Editing by Devika Syamnath)