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Sus Bee to cut 3 5/8% notes due 2017 to €11.54 million via redemption
By Susanna Moon
Chicago, June 13 – Sus Bee Finance SA issued another notice for its 3 5/8% notes due 2017 with the third partial redemption set for June 18.
Afterward, the aggregate principal amount of the notes will be reduced to €11,543,272.33 from €11,894,262.57, according to a company notice.
The redemption amount will be €701.98 per note, and the pool factor will be 0.70198048%.
As previously announced, the company issued a partial redemption notice for €50 million of the 3 5/8% notes on Dec. 17 with a redemption amount of €75,401.03 per note and a pool factor of 75.401034%.
Then the issuer issued a second partial redemption on March 14 for a redemption amount of €810.44 per note on March 19 using a pool factor of 0.81044085%. The second partial redemption lowered the aggregate principal amount of the notes to €11,894,262.57 from €12,299,483.
Sus Bee Finance is based in Luxembourg and is managed by Frankfurt School Financial Services GmbH in order to support the microfinance activities in different countries.
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