SUEZ DEBT BUYBACK
- From: Vol 8, Issue 2 (February 2007)
- Category: Need to know
- Region: Europe
- Country: United Kingdom
- Related Companies: ABN Amro, Artemis, Barclays Capital, BNP Paribas, Suez and Vinci
* Suez announced a tender on 15 February to buy back up to €1.25 billion of its outstanding bonds.
The move is an attempt to improve the company’s debt redemption profile, according to a banker at ABN Amro, which is running the tender along with Barclays Capital and BNP Paribas. With significant amounts of debt due to be redeemed in 2009 and 2010, Suez wants to reduce its near-term refinancing risk, and is giving priority to buying back ...
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