Reuters launches pounds 1bn bond

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REUTERS, the information group, has signed a pounds 1bn European Medium Term Note bond programme which will be listed on the London Stock Exchange. Reuters said the move was part of its plan to improve the efficiency of its capital structure. The bond will sit alongside the group's existing banking facilities.

A spokesman said the programme would give Reuters the flexibility to tap the medium-term public debt markets. Shares in Reuters closed up 37p at 577.5p.