Eurotunnel converts resettable, stabilization advances into bonds, notes

By Caroline Salls

Pittsburgh, May 16 - Eurotunnel SA converted its resettable advances into bonds and its stabilization advances into notes, according to a company news release.

According to the release, France Manche issued 445,416 resettable bonds and 297,126 stabilization notes. Eurotunnel Finance Ltd. issued 158,889 resettable bonds and 197,809 stabilization notes.

Eurotunnel said it already has participating loan notes.

Eurotunnel's joint board decided on Sept. 28, 2005 against the conversion of the stabilization advances and notes into units, and voted on March 21 to convert the resettable and stabilization advances into bonds.

Eurotunnel is the Paris-based operator of the Channel Tunnel.

© 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.