Masmovil repurchases EUR 68 mln in bonds

Wednesday 3 January 2018 | 11:17 CET | News

Spanish operator Masmovil announced that 100 percent of the bonds targeted in its tender offer were repurchased after full acceptance of the offer. The company launched in mid-December an offer to repurchase an aggregate total of EUR 68 million of bonds issued in July 2016 and March 2017. 

The repurchase price for each bond is 113.75 percent of its nominal value with an additional 2.42 percent of accrued interest. The deadline for acceptance was 29 December 2017. 

Masmovil added that the aim is to finance the repurchase with a new tranche of bank funding of up to EUR 78 million and residually with treasury and cash accounts.

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