CPI offers to buy back 7% bonds at 7.75%

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 … Continue reading CPI offers to buy back 7% bonds at 7.75%