Tag: tender

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 ... Investors tender $1.77 billion of bonds by the early deadline, versus the company's offer to buy back $1.5 billion. The majority of the bonds tendered are in the shortest ... The company is offering to buy back another $1.5 billion of bonds; this time from two issues maturing in 2010 and 2011. 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 ... 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. 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. Cathay United Bank is offering to buy back up to $125 million of its sole international bond at a discount. The Korean company raises $200 million from the upsized deal, five months after buying back bonds exchangeable into the same target. 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. The fixed-line telecom operator offers to pay up to 75 cents on the dollar for $89.4 million worth of outstanding 2015 bonds. 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. 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. The controversial offer to buy back bonds and notes becomes impossible after the Chinese municipal government withdraws its financing support. Provisional liquidators are ... The company achieves a 58% acceptance rate for its bond buyback tender which closed on Monday – only marginally more than the 57% tendered by the early deadline. 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. Bondholders are unhappy with the offer, while the chairman stresses that it is the only way to prevent liquidation. 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 ... 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 ... Jubilant Organosys repurchases $48.3 million worth of convertible bonds and becomes the first Indian company to buy back CBs through a tender offer. The tender, which will permit investors to offload the poorly trading bonds and allow the company to make a profit, follows a similar offer by Korea's KCC.