SPY441.40-4.34 -0.97%
DIA345.64-1.80 -0.52%
IXIC15,043.97-137.96 -0.91%

BRIEF-Korian To Issue Undated Convertible Bonds For Up To Around EUR 330 Mln

reuters.com · 09/01/2021 02:21
BRIEF-Korian To Issue Undated Convertible Bonds For Up To Around EUR 330 Mln

- KORIAN SA KRMDF:

  • LAUNCHES AN OFFERING OF UNDATED BONDS CONVERTIBLE INTO NEW SHARES AND/OR EXCHANGEABLE FOR EXISTING SHARES (ODIRNANE) FOR A MAXIMUM NOMINAL AMOUNT OF UP TO APPROXIMATELY € 330 MILLION

  • NET PROCEEDS OF OFFERING WILL BE USED TO FINANCE REPURCHASE (AS DEFINED FURTHER BELOW) OF OUTSTANDING UNDATED CONVERTIBLE BONDS ISSUED IN JUNE 2017 AND SEPTEMBER 2018

  • FINAL TERMS OF BONDS ARE EXPECTED TO BE DETERMINED TODAY FOLLOWING COMPLETION OF BOOKBUILDING PROCESS

  • SETTLEMENT AND DELIVERY OF BONDS IS EXPECTED TO TAKE PLACE ON SEPTEMBER 8TH, 2021

  • SETTLEMENT AND DELIVERY OF REPURCHASE IS EXPECTED ON SEPTEMBER 9TH, 2021

Source text for Eikon: ID:nBw1blWSBa

Further company coverage: KRMDF


(Gdansk Newsroom)

((gdansk.newsroom@thomsonreuters.com; +48 58 7696600;))