Scor: successful bond repurchase offer
(CercleFinance.com) - On Thursday Scor announced the success of the tender offer launched for its 'RT1' deeply subordinated notes for a total of E186.
4m.
The offer covered all of its fixed-rate, undated deeply subordinated notes with a par value of E250m eligible for regulatory Tier 1 capital ('Restricted Tier 1').
This issue, completed on 1 October 2014, had a first early redemption date of 1 October 2025.
The nominal amount of securities remaining in circulation will thus total E63.6m.
Regarding the securities repurchased, they will be cancelled, the reinsurance group says.
Copyright (c) 2024 CercleFinance.com. All rights reserved.
4m.
The offer covered all of its fixed-rate, undated deeply subordinated notes with a par value of E250m eligible for regulatory Tier 1 capital ('Restricted Tier 1').
This issue, completed on 1 October 2014, had a first early redemption date of 1 October 2025.
The nominal amount of securities remaining in circulation will thus total E63.6m.
Regarding the securities repurchased, they will be cancelled, the reinsurance group says.
Copyright (c) 2024 CercleFinance.com. All rights reserved.