SRV Group may issue new €45 million to €60 million hybrid bond

By Rebecca Melvin

New York, April 26 – SRV Group plc said it may issue a new €45 million to €60 million hybrid bond during the next few weeks.

The proceeds of the new bond would be used to partially and prematurely purchase notes of its €45 million hybrid bond issued in March 2016 and €100 million unsecured bond due March 2021 through a voluntary tender offer, according to a company news release.

While the company has held discussions with certain investors that have indicated interest in the new issuance, completion of the issue is subject to further arrangements and is not assured, the company said.

SRV is an Espoo, Finland-based construction company.

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