Nexa nets partial response to buyback

Nexa nets partial response to buyback

Asset Management Bonds Debt Capital Markets Fixed Income Funds Peru US Brazil

The Peruvian subsidiary of the Brazilian mining company Nexa Resources said on Monday evening that it agreed to repurchase $214 million in 4.625% 2023 notes as part of a buyback that expired that day. Last week, the company company offered to pay bondholders $1,067.50 for every $1,000 in principal for any and all of its 2023 notes. Bondholders responded by tendering 62.4% of the $343 million in outstanding notes, Nexa said in a press release. Nexa used cash on hand to pay for the buyback, rather

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