Alliander launches buyback of two bonds

17 Nov 2011

Alliander, the Dutch electricity and gas distribution group, has announced a tender offer to buy back up to €250m of its 2014 and 2016 bonds, to reduce its shorter term debt maturities.

Barclays Capital and Citigroup are dealer managers for the offer, which began today and ends at 4pm London time on November 24. The results and clearing spreads will be announced at about 1pm the next day.

The offer is being made using a modified Dutch auction, under which investors ...

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