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Tumas Investments bond issue suspended
Tumas Investments 2014-2016 bond issue suspended in preparation for new €25 million bond issue
The Portomaso marina is one of the Tumas Group's major development triumps
Tumas Investments p.l.c. has announced the redemption of its 6.25% bond issue 2014-2016.
The company said that subject to regulatory approval, it will return to the bond market with a new €25 million bond issue.
Trading in the Bonds 2014-2016 will be suspended as from 25th June 2014 in order to facilitate the exchange of bonds.
"The directors have resolved to offer present holders of the 6.25% Bonds 2014-2016 the opportunity to exchange their bonds for the new bonds to be issued," the company said.
The cut-off date for eligibility to exchange the Bonds 2014-2016 will be 25 June 2014 which will also be the last trading date for the Bonds 2014-2016. Trading in the Bonds 2014-2016 will be suspended as from 25th June 2014 in order to facilitate the exchange of bonds.
