The notes will be offered at various prices to investors.
The current 30-year issue was first offered to investors a month ago today.
Company executives are now on the road offering the deal to investors.
The rights issue is being offered to investors on the basis of two new shares at 12p each for every five held.
The securities are likely to be offered to investors today.
These plans, however, are still on the drawing board and there is no way of knowing when they might be offered to investors.
The new entity will then offer the bonds to investors.
Two food service companies that have stumbled may offer opportunities to investors.
Many brokers do not offer short selling to small private investors.
But the 144A rule does offer some protection to investors.