August 18, 2021 |
Peruvian plastic products maker San Miguel Industrias (SMI) said Tuesday that it plans to offer to buy back the remaining 4.5% 2022 bonds in the market after coming up short in a first tender offer.
Holders of $205 million of the notes, or about 68.32% of the outstanding amount, agreed to the terms of the first buyback offer by the final deadline of Monday, the company said in a press release.
In the early-bird period of the tender, the company rallied holders of $204.6 million in the bonds with
Peruvian plastics maker to hold another offer to repurchase 2022 notes after first tender got only 68% acceptance