July 2 (Reuters) - Touax TETR.PA :
* Launches an offering of net share settled bonds
convertible into new shares and/or exchangeable for existing
shares (ORNANE) with a priority subscription period, for an
amount of 20 million euros ($22.14 million)
* Initial amount of about 20 million euros may be increased
up to a maximum amount of about 23 million euros
* Bonds will bear interest at an annual nominal rate of 6
percent
* Bonds will be issued at par on July 10
* Issue of bonds aims at lengthening average debt maturity
of group
Source text for Eikon: ID:nHUG3VJb46
Further company coverage: TETR.PA
($1 = 0.9034 euros)
(Gdynia Newsroom:)
((Gdynia.newsroom@thomsonreuters.com; +48 58 698 39 20;))
