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Aspo calls 4.58 million hybrid bonds not purchased in tender offer
By Angela McDaniels
Tacoma, Wash., Oct. 17 Aspo plc called its 4.58 million of outstanding hybrid bonds issued in November 2013, according to a company news release.
The bonds will be redeemed in full on Nov. 18.
As previously reported, the company repurchased 15.42 million of the 20 million bond issue in a tender offer in May. It paid 20,400 per 20,000 principal amount plus accrued interest.
After this redemption, the companys 25 million hybrid bonds issued on May 27 will remain outstanding. They will become callable four years after issuance.
Aspo is a Helsinki, Finland-based conglomerate that owns and develops business-to-business corporate brands.
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