Smith & Nephew stock sees USD 350 million debt reset
Published on 10/05/2026 at 23:27 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
Smith & Nephew (ISIN GB0009223206) closed at GBp 982.40 on October 1, 2026, down 2.64 percent on the London Stock Exchange. The company is redeeming USD 350 million of notes on October 5, 2026, a capital-structure move that gives the stock a concrete balance-sheet focus.
Debt redemption sets the near-term theme
According to FT.com on October 1, 2026, Smith & Nephew set the redemption payment at USD 1,004.60 per USD 1,000 principal amount. That total comprises a 100.245 percent redemption price and USD 2.15 in accrued interest per USD 1,000.
The notes carry a 5.150 percent coupon and were due in 2027. The company said the securities will cease to bear interest and will be treated as no longer outstanding after the October 5 redemption date, according to StockTitan.
Profit growth beats revenue momentum
Smith & Nephew reported USD 3.097 billion of H1 2026 revenue for the six months ended June 27, 2026, up 4.6 percent from USD 2.961 billion a year earlier. Operating profit increased 4.3 percent to USD 448 million, while trading profit rose 8.1 percent to USD 566 million, according to StockTitan.
The trading profit margin reached 18.3 percent in H1 2026, compared with 17.7 percent in H1 2025. The combination of 4.6 percent revenue growth and 8.1 percent trading-profit growth shows why operating efficiency is central to the current Smith & Nephew story.
Analysts retain a Hold view
MarketBeat lists a Hold consensus from 12 analysts covering Smith & Nephew's NYSE ADR. The average target is USD 31.91, with a USD 30.00 low and USD 33.88 high, equal to 20.63 percent upside from the USD 26.45 ADR price used in that consensus.
Stock remains below yearly high
On the London listing, the stock's October 1 close of GBp 982.40 stood below the 52-week high of GBp 1,426.59 and above the 52-week low of GBp 980.40. The session volume was 2,001,834 shares, giving investors a precise market backdrop for the debt action and the next operating update.
Smith & Nephew stock facts
- Company: Smith & Nephew plc
- ISIN: GB0009223206
- Ticker: SN.
- Trading venue: London Stock Exchange
- Price (as of October 1, 2026, 4:36 p.m. London time): GBp 982.40 Closing price (October 1, 2026)
- 52-week range: GBp 980.40-1,426.59 (as of October 1, 2026)
- Sector / Industry: Healthcare / Medical Devices
- Index membership: FTSE 100
Upcoming dates for Smith & Nephew stock
- November 4, 2026: Q3 trading report
