The higher tender offer against the targeted repurchase amount of $130 million indicates that the company’s bondholders are in a rush to sell their fixed-income holdings in the company.
The Adani company also stated that it might accelerate or defer this plan subject to its own liquidity position and the market conditions, as well as further terms such as pricing, which will be separately announced for each of these tranches.
/PRNewswire/ Arcor S.A.I.C. Offer to Exchange Any and All of its Outstanding 6.000% Fixed Rate Notes due 2023 (CUSIP Nos.: 03965PAC5 and P04559AL7; ISIN Nos..