Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers Tenders > Headlines for 2012 > News item |
Michelin buys back €500 million of 6.375% subordinated notes due 2033
By Tali David
Minneapolis, Feb. 1 - Compagnie Generale des Etablissements Michelin repurchased a total of €500 million of its 6.375% lowest-ranking subordinated notes due Dec. 3, 2033 through open-market transactions between October and January, according to a press release.
The amount repurchased represents more than 10% of the issued amount of the notes.
Following the repurchases, €97,938,000 principal amount of the notes remains outstanding.
Michelin is a Clermont-Ferrand, France-based tire maker.
© 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.