(CercleFinance.com) – Eramet announced on Tuesday that it planned to buy back 300 million euros of debt maturing in 2025 with the aim of launching a new issue of bonds linked to sustainable development.
The call for tender concerns the entirety of its bond issue issued in 2019 for an amount of 300 million euros, due to mature in May 2025 and currently admitted to trading on Euronext Paris.
The mining and metallurgical group specifies that this offer is notably conditional on the success of the completion of its new issue of bonds linked to sustainable development (‘sustainability-linked bonds’).
According to Eramet, the objective of the operation consists, among other things, of proactively managing its debt profile and extending its average maturity.
Eramet shares fell around 0.2% on Tuesday morning on the Paris Stock Exchange following this announcement.