GKN eyes £250m of debt to fund DB deficit

James Phillips
clock • 1 min read

GKN Group is considering issuing corporate bonds to plug the gap in its defined benefit (DB) schemes, according to reports.

The Sunday Times said this was in response to the engineering firm seeing a 30% surge in the deficit of its DB schemes globally over 2016. The paper said the company is hoping the bonds will rai...

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James Phillips
Author spotlight

James Phillips

Professional Pensions journalist from 2016-2022

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