On Tuesday, CPI Property Group announced a tender offer to repurchase up to €100 million of its outstanding €600 million green bonds that don’t come due until May 2029. The company is offering to buy back the 7.000% senior unsecured notes at 107.75% of face value (i.e. €1,077.50 per €1,000 nominal amount).
The buyback runs from July 15 through July 22, with settlement expected July 25. The program is part of CPI's ongoing debt reduction strategy and aims to extend the company's bond maturity profile while reducing total outstanding senior unsecured . . .
------------------------------------------------------------------------------
Subscriber content
Archival content is available to subscribers only. If you have a membership subscription and are are experiencing issues logging in, please try the login below:
If you're interested in reading further, why not gain full access to the archives by subscribing?
Order your subscription here and we'll send you an invoice.
Annual memberships (€100/yr) can also be paid for by credit card, or you can pay month-to-month by clicking here.
