Tag: buyback

Debt

Greentown launches tender to prevent default

An attractive exit price of 85 cents on the dollar increases the chances that the property developer will succeed in buying back most of its $400 million high-yield bond.

By Anette Jönsson | 28 April 2009

Debt

Pakistan Mobile bond tender triggers default alert

S&P says the material tender discount of up to 30% versus face value would prompt it to put a default rating on the bonds if the proposed transaction is completed.

By Anette Jönsson | 17 April 2009

Equities

ProMOS tender succeeds after criteria amended

The Taiwan memory-chip maker says 80.34% of the CBs were tendered or will be held to maturity, allowing it to move on to the next phase of its restructuring.

By Anette Jönsson | 31 March 2009

Debt

City Telecom launches tender for high-yield bonds

The fixed-line telecom operator offers to pay up to 75 cents on the dollar for $89.4 million worth of outstanding 2015 bonds.

By Anette Jönsson | 30 March 2009

Equities

ProMOS says 70% of CB holders support tender

In the hope of achieving the minimum acceptance rate of 79%, the Taiwanese chipmaker extends the early premium deadline until the end of the tender offer set for March 21.

By Anette Jönsson | 19 March 2009

Equities

ProMOS extends early deadline on CB buyback

The cash-strapped DRAM maker says more than 50% of its CB holders have indicated support for the offer, but some need more time to complete the tender process.

By Anette Jönsson | 4 March 2009

Equities

Nine Dragons buys back 57% of its bonds

The Chinese paper manufacturer extends its early tender deadline to tempt more investors to surrender their bonds at the higher price, while in Taiwan, ProMOS calls on CB ...

By Anette Jönsson | 26 February 2009

Equities

Indian drug company completes CB buyback

Jubilant Organosys repurchases $48.3 million worth of convertible bonds and becomes the first Indian company to buy back CBs through a tender offer.

By Daniel Inman | 20 February 2009

Equities

Olam launches convertible bond exchange

The exchange offer is the latest in a series of moves by Olam to clear its outstanding debt.

By Daniel Inman | 17 February 2009

Equities

Shanda issues convertible to finance share buyback

Investors embrace the earnings-accretive deal, allowing the CB to be upsized by 19% to $155 million.

By Anette Jönsson | 11 September 2008

Debt

Reliance embarks on buyback of global bonds

A buyback of shorter-dated bonds seeks to improve the group''s debt maturity profile and save interest costs.

By Prakash Chakravarti | 19 June 2002

Equities

Samsung Electronics decides on buyback

Samsung Electronics has decided to begin a buyback programme to bolster its flagging share price.

By AsiaPulse | 16 October 2000

Debt

Jardine Matheson uses Chase stake to finance buyback

Jardine Matheson is issuing $550 million of bonds convertible into Chase Manhattan shares in order to part-finance a share buyback.

By Jim Regan | 4 August 2000

M&A

ANZ share buyback on cards after Grindlays sale

ANZ is likely to spend up to A$3 billion on a share buyback once the sale of ANZ Grindlays to Standard Chartered has gone through.

By Jim Regan | 20 April 2000

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