International Power gets tenders for 1.11% of 7¼% notes due 2017

By Susanna Moon

Chicago, March 28 - International Power Finance (2010) plc said investors tendered €2,776,000 principal amount, or 1.11%, of its €250 million 7¼% senior notes due 2017 in the cash change-of-control offer that ended at 5 p.m. ET on March 25.

The company said it will pay 101 plus accrued interest up to the purchase date, which is expected to be March 30.

The total change-of-control purchase price will be €2,881,460.24, including €77,700.24 of accrued interest.

Deutsche Bank AG, London Branch is the tender agent.

The company is a wholly owned subsidiary of London-based International Power plc, an independent power generation company.

International Power was acquired by GDF SUEZ in February.

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