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Colonial Repurchases €300 Million of its Bonds Due to Mature in 2023 and 2024

The offer was made to the holders of the 500 million euro and 600 million euro bonds with maturities in 2023 and 2024, respectively, to exchange the debt for cash.

Colonial Viñolas Bruguera 948 1

Colonial recently announced a buyback offer of up to 300 million euros for the holders of its debt issues with maturities in 2023 and 2024. The offer was launched for the holders of the 500 million euros and 600 million euros bonds with coupons of 2.728% and 1.45%, and maturities in June 2023 and October 2024, respectively.

In this way, the Socimi has informed the CNMV that “it intends to accept for purchase 193.8 million euros of the principal amount of the 2023 bonds and 106.7 million euros of the principal amount of the 2024 bonds, in each case in accordance with the terms and conditions of the Offer”. In total, it will repurchase 300.5 million euros of debt. It has also announced that there will be no pro-rating for the 2023 bonds.

Read the full article in Spanish.

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