PAVI Shopping Complex plc announces 7% 2017 secured bonds buy-back

PAVI Shopping Complex p.l.c. has announced that will be buying back an unspecified number of its 7% secured bonds which expire in seven years’ time.

14 October 2010, 12:00am
by Charlot Zahra

1 min read

The announcement was made in company announcement filed on the Malta Stock Exchange (MSE) by the company secretary.

The company explained how it would purchase on the market “such amount of its 7% secured bonds 2014 – 2017 prior to their redemption on 26 October 2017”.

PAVI Shopping Complex has also not determined at which price the company would buy back these secured bonds other than saying that it would determine the price, “from time to time, to be in its best interest”

All 7% secured bonds bought back by the company would be “cancelled forthwith”.

The company explained how it was doing this buy-back programme “in terms of the company prospectus dated 28 September 2007”.