Brait plans to buy £8.5m in convertible bonds from holders
The company had invited holders of £141m in bonds due 2020 to sell their notes to Brait for cash
24 July 2020 - 09:36
Investment holding company Brait said on Friday it would buy £8.5m (R180.6m) in convertible bonds after offering to exchange them for cash earlier in the week.
The group on Tuesday made the offer to holders of £141m (R2.95bn) in convertible bonds due in 2020...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.