Grupo R Opens Tender

Grupo R Opens Tender

Mexico Bonds

RDS Ultra-Deepwater, a unit of Mexico's Grupo R, has launched a cash tender offer targeting any and all of its 11.875% 2017 senior secured bonds, it says. The move follows last week’s announcement of a new bond roadshow for Offshore Drilling Holding (ODH), the entity that owns, finances, and charters Grupo R's offshore drilling fleet. The wholly-owned RDS unit is offering holders $1,113.95 per $1,000.00 principal through September 12, and then $1,083 per $1,000 through the September 26 final dea

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