Latvia’s Acme running tender offer for 2010 bonds through Dec. 31

By Wendy Van Sickle

Columbus, Ohio, Dec. 7 – Acme Corp. is offering to repurchase any and all of its bonds issued in 2010 through Dec. 31.

The offer price is €1,077.39 per bond, which reflects their nominal value plus accrued interest through Dec. 31, according to a company notice.

The offer to all bondholders was opened Tuesday after the company acquired from wholly owned subsidiary SIA Neatkariga Patentu Agentura 4,283 bonds at a total purchase price of €4,590,862.04, reflecting a price per bond of €1,071.88.

The offer for the repurchase of the bonds was made by the subsidiary, and the issuer accepted, according to the notice.

That repurchase is expected to create interest service cost savings of €134,443 a year.

The repurchase offer is not conditioned on any minimum participation.

Settlement is expected to occur by Jan. 2.

For information, e-mail info@rbm.lv.

Riga, Latvia-based Acme and its subsidiaries operate and manage rental real estate properties in Latvia.

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