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Prospect News home > News index > List of issuers Tenders > Headlines for 2021 > News item
Published on 8/30/2021 in the Prospect News High Yield Daily and Prospect News Liability Management Daily.

CMA CGM to redeem all €750 million 5¼% notes due 2025 at 101.313

Chicago, Aug. 30 – CMA CGM SA announced it will redeem all of its €750 million outstanding 5¼% senior notes due 2025 (ISIN: XS1703065976, XS1703065620), according to a notice.

The redemption date will be Oct. 15, with the record date one day prior to the redemption date.

The notes will be redeemed at 101.313, plus interest (€19,687,500 in the aggregate) to the redemption date.

Notes must be surrendered to Elavon Financial Services DAC, UK Branch, the paying agent, to collect the redemption payment.

The notes were issued in two parts: €500 million were issued on Oct. 27, 2017 and a €250 million add-on was issued on Nov. 9, 2017.

CMA CGM is a Marseille, France, container ship company.


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