ACWA Power subsidiary buys $400.7 mln bonds

08/12/2022 Argaam
Logo ofACWA Power

Logo of ACWA Power


ACWA Power’s wholly owned subsidiary, ACWA Power Management and Investments One Limited (APMIOne), purchased on Nov. 25 ACWA39 bonds at $400.7 million before amortization at the early settlement date.

 

No additional bonds were validly tendered after the early tender deadline and prior to or at the expiration date, and as a result, there will not be a final settlement date, the company said in a statement to Tadawul.

 

The pre-amortization aggregate principal amount of bonds that will remain outstanding after the expiration date is $413.3 million.

 

APMIOne accepted the purchase of $400.7 million of the outstanding $814 million pre-amortization aggregate principal amount.

 

In November, APMIOne announced on the Irish Stock Exchange (Euronext Dublin) an offer to purchase cash bonds up to $400 million.

 

Later the company raised the maximum bond purchase value before amortization from $400 million to $428 million.

Comments {{getCommentCount()}}

Be the first to comment

loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.