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Prospect News home > News index > List of issuers T > Headlines for Tenders 2009 > News item |
Novae buys back £11.16 million more 8 3/8% notes at discount
By Susanna Moon
Chicago, March 19 - Novae Group plc said it purchased £11.16 million more of its 8 3/8% subordinated notes due April 27, 2017 at 60.5p per 100p nominal value.
The total consideration including interest is £7.6 million.
After the buyback, £76.79 million of the notes will remain outstanding.
The company issued £100 million of the notes on April 27, 2007.
Novae is a London-based risk-taking insurance business.
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