| Add to balance / Manage account | User: | Log out |
| Prospect News home > News index > List of issuers S > Headlines for Sovco Capital Partners BV > News item |
Sovco Capital launches tender for up to $40 million of SovCom notes
By Sarah Lizee
Olympia, Wash., April 7 – Sovco Capital Partners BV launched a cash tender offer for up to $40 million of SovCom Capital DAC’s $300 million 7¾% perpetual callable loan participation notes (ISIN: XS2113968148) and $300 million 8% LPNs due 2030 (ISIN: XS2010043656), according to a notice.
The purchase price for each series will be determined under a modified Dutch auction procedure.
The 7¾% LPNs will be purchased for a minimum of $750 per $1,000 LPN and the 8% LPNs will be purchased for a minimum of $800 per $1,000 LPN.
Holders will also receive accrued interest.
Tendered notes may be subject to pro rata scaling.
The offer will expire at noon on April 15.
Settlement is slated for April 20.
Renaissance Securities (Cyprus) Ltd. (syndicateDCM@rencap.com) is the dealer manager. The tender agent is Bank of New York Mellon, London Branch (debtrestructuring@bnymellon.com, +44 1202 689644).
The Dublin-based special purpose vehicle issued the bonds for Kostroma, Russia-based PJSC Sovcombank.
© 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.