Bahrain's nogaholding plans new bond issue, offers cash for existing notes

Kitco Media
By Reuters
Published:
Updated:
Reuters
DUBAI, May 15 (Reuters) - Bahrain's state oil holding firm, nogaholding, has made a tender offer to buy back existing bonds due in next year for cash, conditional on a planned new debt issuance, it said in a bourse filing on Monday. Nogaholding will buy "any and all of" its $750 million bonds that were issued in 2018, "subject to the satisfaction of the New Certificates Condition" and other conditions, the filing said. (Reporting by Yousef Saba; Editing by Toby Chopra)

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