What is the likely effect of this on the share price/company prospects?
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What is the likely effect of this on the share price/company prospects?
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This is nothing more than a move to give Centrica financial flexibility.
The $10bn number is a ceiling rather than an indication that the company is necessarily seeking to raise a sum this size.
Prospectus here: http://www.rns-pdf.londonstockexchange.com/rns/2553L_-2016-9-29.pdf
It's just a programme to issue debt that is updated annually.
Centrica will borrow, refinance, extend maturities.
Shouldn't have any impact. Unless they issue debt to buy back stock for example.