Ubisoft calls off 500 million euros bonds tender offer over bad market conditions

  • 📰 ChannelNewsAsia
  • ⏱ Reading Time:
  • 19 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 66%

Canada News News

Canada Canada Latest News,Canada Canada Headlines

French video game company Ubisoft on Wednesday called off its planned 500 million euro ($526.05 million) debt buyback citing bad market conditions.'Given the current market conditions, Ubisoft has taken the decision to withdraw its proposed tender offer on its outstanding 500,000,000 euro 1.289 per cent

French video game company Ubisoft on Wednesday called off its planned 500 million euro debt buyback citing bad market conditions.

"Given the current market conditions, Ubisoft has taken the decision to withdraw its proposed tender offer on its outstanding 500,000,000 euro 1.289 per cent existing bonds due 30 January 2023," the company said in a statement. Ubisoft earlier this month announced its plan to buy back the bonds and issue new ones in an effort to restructure its debt.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 6. in CA

Canada Canada Latest News, Canada Canada Headlines