17th Dec 2019 09:03
(Alliance News) - Private healthcare firm NMC Health PLC on Tuesday said its USD90 million tender offer for convertible bonds was taken up in full.
NMC subsidiary NMC Health (Jersey) Ltd on Monday invited holders of its senior unsecured guaranteed 1.875% convertible bonds due 2025 to tender up to USD90 million of the USD450 million outstanding principal amount. All USD90 million worth of bonds were tendered.
The final buyback price for the bonds was set at 92.5%, expressed as a percentage of the principal bond amount. Bondholders who accepted the invitation are to receive, on Friday this week, a cash payment equal to the final buyback price plus accrued unpaid interest
Once the accepted bonds are tendered, USD360 million worth of bonds will remain outstanding.
Shares in NMC Health, which has its corporate office in Abu Dhabi and operates in the United Arab Emirates, were down 3.2% at 2,502.00 pence in London on Tuesday morning.
By Anna Farley; [email protected]
Copyright 2019 Alliance News Limited. All Rights Reserved.
Related Shares:
NMC.L