Haniel buys back €216m to stretch out maturity profile

17 Feb 2012

German diversified holding company Franz Haniel announced the buyback of €215.613m of its €1bn 6.75% 2014 high yield bonds on February 10.

The tender offer for up to €300m of the 2014 bond was launched on February 1, along with a new bond issue, and closed on February 8.

The buyback price per note of 108.436 was determined on February 10, which was 0.88 percentage points higher than at the tender ...

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