Brunswick Rail to buy back $600 mln bonds at 88.75% face value
September 13, 2017 Prime
Russian freight car leasing company Brunswick Rail has reached an agreement with investors to buy back bonds at a price of U.S. $887.5 per security, or 88.75% of a face value, for a total sum of U.S. $600 million, the company said in a statement on Wednesday.
In 2016, the company offered to buy back the bonds at 44% of their face value, so the new offer it a significant improvement, the company said.
Company — Brunswick Rail Ltd
Full nameBrunswick Rail Ltd