Tags: citi , tender

Debt

Nine Dragons offers to buy back bonds at par

The paper manufacturer uses its cash resources to launch a second tender for its outstanding bonds, while cash-strapped Powerchip is forced to pay its CB investors partly in ...

By Anette Jönsson | 10 July 2009

Debt

Hutchison brings tender to investment-grade investors

The Hong Kong conglomerate offers to buy back up to $1.5 billion worth of bonds from four different issues. Meanwhile, Pakistan Mobile's tender is oversubscribed and Greentown ...

By Anette Jönsson | 12 May 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 tender nearly there; deadline extended again

Soft indications of support for the bond buyback suggest the acceptance rate will be above the 79% needed for the deal to succeed, but analysts warn of more troubles ahead.

By Anette Jönsson | 24 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

ProMOS attempts CB buyback after failing to meet puts

The Taiwanese DRAM manufacturer secures a syndicated loan to cover a tender at 26.5 cents on the dollar, but more debt redemptions ahead suggest the company's troubles are not ...

By Anette Jönsson | 23 February 2009

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Tags: citi, tender

Tags: citi , tender