San Miguel buyback meets early deadline

San Miguel buyback meets early deadline

Peru Bonds

Peru's San Miguel Industrias said bondholders have tendered $121m, or 60.3%, of the company's outstanding $200m 7.75% 2020 notes by the early tender deadline.  San Miguel also said it has received consent to shorten the minimum notice period for redemption to four days and "eliminate substantially all of the restrictive covenants and certain events of default." The company added that it intends to issue a notice of redemption of the outstanding notes on September 18. San Miguel had offered bon

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