Nexity sees tender interest for 92.8% of €270 million Oceanes due 2023

By Wendy Van Sickle

Columbus, Ohio, April 13 – Nexity received tenders of 92.8% of its €269,999,943 of its Oceanes due 2023 (ISIN: FR0013170925) under an offer to purchase the securities. The entire initial issue amount, corresponding to 4,199,066 Oceanes, was outstanding when the offer was made, according to a press release.

Nexity conducted a reverse bookbuilding process on Tuesday to determine the repurchase price of €66.90 per security.

Settlement is expected to occur on April 20.

The company said previously that it may decide to cancel the buyback, as well as its concurrent issuance of new Oceanes due 2028, if holders of less than 60% of the 2023 Oceanes indicate interest in the offer. The company later announced it priced €240 million of Oceanes due 2028.

Nexity is a Paris-based real estate group.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.