Casino: cancellation of obligations











Photo credit © Reuters


(Boursier.com) — The Casino Group today canceled a nominal amount of €10,118,000 of the Quatrim 2024 covered bond. This cancellation was made following market buybacks. The total nominal amount of the Quatrim 2024 covered bond was thus reduced to €739,882,000. Redemptions of the Quatrim 2024 covered bond were funded through the senior secured escrow account. As of September 2, the balance of the senior secure escrow account stood at €85.9 million.


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