June 20, 2022 |
Peruvian mining company Volcan Compañía Minera said it has increased the size of a bond buyback to $110 million from $100 million after investors tendered $210 million in 4.375% 2026 notes, or roughly 44% of the outstanding amount.
Volcan has agreed to pay $940 million for every $1,000 in principal, including a $30 premium and a consent payment of $2.50, for bondholders who tendered their notes by the early deadline on June 15, it said in a press release on Thursday. Citi and Santander are the d
Peruvian mining company will now repurchase $110 mln in 2026 notes after investors tendered more than double the initial target