Coface launches a buyback offer on subordinated bonds

PARIS (Agefi-Dow Jones)–Coface announced on Monday the launch of a buyback offer, within the limit of an amount of 150 million euros, on subordinated and guaranteed bonds issued in 2014 for an amount of 380 million euros bearing interest at a fixed rate of 4.125% and maturing on March 27, 2024. The results of the tender offer, which will take place from September 12 to 20, 2022, will be announced on September 21, said the credit insurer in a press release. Coface also wishes to issue fixed-rate Tier 2 securities denominated in euros. ([email protected]) editor: ECH

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September 12, 2022 04:31 ET (08:31 GMT)