(CercleFinance.com) – Coface announces that it is launching a buyback offer within the limit of a total maximum acceptance amount of 150 million euros relating to the subordinated bonds issued in 2014 for an amount of 380 million euros.
These securities, bearing interest at a fixed rate of 4.125% and maturing on March 27, 2024, unconditionally and irrevocably guaranteed on a subordinated basis by Coface, are admitted to trading on the regulated market of Euronext Paris.
The credit insurance company also wishes to issue fixed-rate Tier 2 securities denominated in euros. The tender offer will start on September 12 and will end on September 20 at 4:00 p.m. (CET), with its results to be announced on September 21.
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