to raise £2bn in new debt, joining the list of the biggest sub-investment grade deals in Europe in 2020.
The shares tumbled to a 17-year low, at one point they were down at 112.55p, the lowest since 2003. They ended the day down 10.2%, at 117p. The fundraising, which would boost Rolls-Royce’s total debt to almost £16bn, is aimed at seeing the company through to 2022, when it expects to resume cash generation.
Bail em out RishiSunak , they have other things up their sleeve
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