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SRV accepts tenders for €47.54 million 5% notes, meets new issue terms
By Susanna Moon
Chicago, March 19 – SRV Group plc said holders tendered €47,544,000 of its €75 million 5% notes due Dec. 18, 2018 as of the end of the offer at 10 a.m. ET on March 16.
SRV will accept for purchase all of the tendered notes after meeting the new issue condition, according to a notice.
The company said it priced its issue of new euro-denominated fixed-rate notes, which was required under the terms of the tender offer.
Settlement was set for March 26.
The offer was made by OP Corporate Bank plc.
As announced March 7, the purchase price will be €1,037.73 per €1,000 principal amount plus accrued interest.
OP Corporate Bank and Swedbank AB (publ) are the joint lead managers. OP Corporate Bank (liabilitymanagement@op.fi or +358 10 252 1668) is also tender agent.
SRV is an Espoo, Finland-based construction company.
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