• Register

Batelco to buy back third of 2020 bonds

: Wednesday, March 26 - 2014 @ 15:09

Batelco plans to buy back a third of outstanding bonds due in 2020, using excess liquidity from a scrapped acquisition to lower its debt servicing costs, Reuters has reported. The Bahraini telecoms operator offered to buy back up to $200m in principal amount of its 4.25%, $604.4m guaranteed notes maturing in 2020, with the price being determined through a modified Dutch auction process. Batelco began buying back its 2020 notes, through which it originally raised $650m, in November. The company’s annual results show $39.5m worth of the notes was bought back as of December 31.

Today's Top Stories

Posted by

Wednesday, March 26- 2014 @ 15:09 UAE local time (GMT+4) Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of Mediaquest FZ LLC.

AME Info Services

Business DirectoryVIEW ALL

Search by name

Search by industry

Browse alphabetically


Search for jobs

Latest Jobs