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Bonitron says Eurotorg buys back $5.11 million of 8¾% notes due 2022
By Susanna Moon
Chicago, Dec. 4 – Bonitron DAC said that Eurotorg LLC as borrower purchased $5,113,000 of the $340,361,000 of outstanding $350 million 8¾% loan participation notes due 2022 issued by Bonitron.
The notes were bought back on Tuesday and will be held in treasury, according to the notice.
The company said on Nov. 26 that Eurotorg plans to buy back up to $20 million of the $340,361,000 of outstanding 8¾% notes.
The notes will be repurchased until Dec. 31 in the open market or by a private agreement under the buyout program, with purchased notes canceled or held in treasury.
At the time, $17,172,000 of the notes was held by Eurotorg.
Eurotorg entered into an investment services agreement with Renaissance Securities (Cyprus) Ltd. for the purchase orders.
Bonitron said on Oct. 10 that it repurchased $1 million of its $341,361,000 outstanding 8¾% loan participation notes due 2022 through open market transactions on Sept. 24.
Bonitron is a Dublin-based special purpose entity. It issued the notes on behalf of Eurotorg, a supermarket operator based in Minsk, Belarus.
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