Redefine Properties buys back €117m exchangeable bonds

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By Aidan Gregory
07 Jul 2020

Redefine Properties, the South African landlord, has completed a tender offer for all of its outstanding €117.2m bonds that are exchangeable into shares in RDI Reit, the London-listed real estate investment trust.

In a regulatory filing on Tuesday, Redefine Properties said it has now exercised a clean-up call for all of the outstanding bonds, after investors tendered more than 90% of them by the end of Friday, July 3. The purchase price of the 2021 1.5% bonds is 101.

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