BW announces results of notes tender

Singapore: BW Group’s aim to purchase the company’s outstanding 6.625% notes due in 2017 was met with relative success with some 61.22% of people agreeing to sell. Some $306m of the $500m of the notes had been validly tendered. BW decided to extend the offer at the end of last month for a few days. Each holder who has validly tendered their notes prior to the expiration date but after the early tender date will receive the tender consideration of $1,030 per $1,000 principal amount of notes, plus accrued and unpaid interest. Settlement for the notes is expected to be no later than February 18. [13/02/14]

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