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Prospect News home > News index > List of issuers T > Headlines for Tenders 2011 > News item
Published on 4/18/2011 in the Prospect News Convertibles Daily and Prospect News Liability Management Daily.

Pescanova to buy back €26.6 million of 6.75% convertibles due 2015

By Angela McDaniels

Tacoma, Wash., April 18 - Pescanova SA will repurchase €26.6 million of its 6.75% convertible bonds due 2015 on April 20, according to a company announcement.

The price is 119.84% of par, which includes accrued interest.

The company will fund the €31.88 million repurchase with proceeds from its €180 million issue of 5.125% six-year convertibles.

Pescanova is a Vigo, Spain-based fishing company.


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