Sponda begins tender offer for €130 million hybrid bond at 102% of par

By Susanna Moon

Chicago, Nov. 21 - Sponda plc said it began a cash tender offer for its €130 million capital securities issued in 2008. The bonds are callable in June 2013.

The purchase price for the outstanding hybrid bonds will be 102% of par.

The offer will end at 9 a.m. ET on Nov. 29. Settlement is expected to occur on Dec. 5.

The tender offer is conditioned on completion of a €90 million issue of hybrid bonds, according to a company press release.

Nordea Markets is the dealer manager and tender agent.

The property investment company is based in Helsinki, Finland.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.