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Colonial Will Repurchase Debt Worth €300 Million and Issue New Bonds

The Socimi wants to buy back debt from its investors that matures in 2023, and is considering issuing more bonds denominated in euros to raise more funds, although it has not specified the maturity date for those.

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Colonial has proposed accepting offers for sale from the holders of these bonds up to a maximum amount of 300 million euros between two issues, “notwithstanding the company’s right to modify this amount,” it specified in a statement to the National Securities Market Commission (CNMV).

Specifically, the offer is being launched to the holders of its 500 million euro and 600 million euro bonds with a coupon of 2.728% maturing in June 2023 and a coupon of 1.45% maturing in October 2023, respectively.

Read the full article in Spanish.

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