Truworths International’s share price had its biggest fall in five months on Tuesday after the fashion retailer said its UK subsidiary, Office, was considering a debt restructuring ahead of a repayment due in late 2020.

Shoe retailer Office has debt of about £45m (R805m) due for repayment, "a significant portion" of which must be settled with a lump-sum payment at maturity in December 2020, Truworths said on Tuesday.

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