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NH Hotel calls €250 million of 4% convertibles; holders may convert
By Susanna Moon
Chicago, May 10 – NH Hotel Group, SA said it will redeem its €250 million of its 4% convertible bonds due Nov. 8, 2018.
The convertibles will be redeemed at par on June 11, according to a notice.
The bonds are convertible until May 31 at a conversion price of €4.919.
The company’s stock (Madrid: NHH) closed at €6.45 on May 9.
NH Hotel is a Madrid-based hotel operator.
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