| Add to balance / Manage account | User: | Log out |
| Prospect News home > News index > List of issuers Tenders > Headlines for 2023 > News item |
RAG-Stiftung starts buyback offers for existing exchangeable bonds
Chicago, Nov. 27 RAG-Stiftung started two buyback offers for existing bonds exchangeable into Evonik Industries AGs stock, according to a release.
The company is offering cash for its 450 million outstanding non-interest bearing senior exchangeable bonds due 2024 (ISIN: DE000A2LQRA1). The buyback offer applies to all of the outstanding bonds.
The company is offering 97,000 per 100,000 bond.
There were 500 million of the 0% exchangeable bonds due 2024 originally issued.
Additionally, the company is offering to buy up to 50 million of the 450 million outstanding non-interest bearing senior exchangeable bonds due 2026 (ISIN: DE000A3E44N7).
The offer is for 94,000 per 100,000 bond.
Financing for the buyback offers will come from the sale of 500 million of new exchangeable bonds due 2030.
The announcement was made Nov. 21.
For more information, the companys legal adviser may be contacted (+49 210 378 3350, Hans-Georg.Heesen@rag-stiftung.de).
Germany-based RAG-Stiftung is a foundation involved in the financing of RAG Corp.s coal mining operations and is majority owner of Evonik, a German chemical 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.