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Brief: Mapfre Launches Cash Tender Offer For €600 Mln Notes

BRIEF-Mapfre Launches Cash Tender Offer For €600 Mln Notes

- Mapfre SA MAP.MC:

  • CASH TENDER OFFER FOR EUR 600 MILLION SUBORDINATED NOTES DUE MARCH 2047

  • TENDER OFFER PRICE SET AT 101.15% OF NOMINAL VALUE

  • TENDER OFFER PERIOD FROM JUNE 1 TO JUNE 8

  • INITIATES MARKET SOUNDING FOR NEW TIER 2 EURO NOTES

  • TENDER OFFER CONDITIONAL ON ISSUANCE OF AT LEAST EUR 500 MILLION NEW NOTES

Source text: ID:nCNM9fdYxB

Further company coverage: MAP.MC


(Gdansk Newsroom)

((gdansk.newsroom@thomsonreuters.com; +48 58 769 66 00;))

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