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Merlin Offers to Repurchase Bonds with a Combined Value of €1.55 Billion

The Socimi has offered holders of two bond issues maturing in 2022 and 2023 the option to buy them back for cash up to a maximum amount of 500 million euros.

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The Socimi Merlin Properties has offered holders of two bond issues maturing in 2022 and 2023, for a combined amount of €1.55 billion, the option to buy them back in exchange up to a maximum aggregate principal amount for the two series of €0.5 billion, as reported by the firm to the National Securities Market Commission (CNMV).

The company led by Ismael Clemente has announced “the launch of an invitation to the holders of its bond issues amounting to 700 million euros, with a coupon of 2.375% maturing on 23 May 2022” and amounting to 850 million euros, “with a 2.225% coupon maturing on 25 April 2023” to offer the bonds for sale to the Socimi in exchange for cash, subject to certain conditions.

Read the full article in Spanish.

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