Steinhoff International issues 1.1 bln euros convertible bonds - CNBC Africa

Steinhoff International issues 1.1 bln euros convertible bonds

Southern Africa

by Reuters 0

Issue of approximately 1.1 billion euros convertible bonds. PHOTO: source: www.stuffled.com

Steinhoff International Holdings Ltd :

* Issue of approximately 1.1 billion euros convertible bonds

* Bonds are expected to mature on 11 August 2022 and will be marketed with a coupon range of 0.500% - 1.250%

* Bonds will be issued at 100% of their principal amount

* Net proceeds will be used to facilitate future share repurchases to manage and counter dilution and for general corporate purposes

* Bonds are expected to be priced today and closing is expected on or about 11 August 2015 

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