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immigon to spend €53 million to buy back bonds, calls certificates
By Angela McDaniels
Tacoma, Wash., Oct. 15 – immigon portfolioabbau ag (formerly Österreichische Volksbanken-AG) announced the results of a tender offer and issued redemption notices for six series of index certificates.
The company received tenders for roughly €49 million of bonds and decided to accept tenders for a total consideration amount including accrued interest of about €53 million, according to a company news release.
The tender offer ended at 11 a.m. ET on Oct. 14 and was made to the holders of 95 series of non-subordinated bonds.
When the offer began on Sept. 7, the anticipated total consideration amount was €400 million.
The company said the tender offer was primarily targeted at retail investors, and tender instructions for bonds in a principal amount of €250,000 or less were given first priority.
The tender agent is Citibank, NA, London Branch.
CD redemptions
According to a separate news release, the company will redeem its index certificates Nikkei 225 on Dec. 10 and its index certificates Dow Jones industrial average, index certificates Euro Stoxx 50, index certificates S&P 500, index certificates DAX and index certificates TecDAX on Dec. 18.
immigon is a wind-down company based in Vienna.
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