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Estonias Baltic Horizon details April 8 partial redemption
Chicago, March 15 Baltic Horizon Fund detailed the upcoming partial redemption for 4,499,997.60 of its 42 million issue of floating-rate bonds due 2028 (ISIN: EE3300003235) shortly after the company announced that it had approval from bondholders to amend the terms and conditions of the notes.
A press release said that the company will conduct the partial redemption on April 8.
The redemption will decrease the nominal value of the bonds to 71,428.57 per bond.
Investors will receive 10,978 per bond.
The total nominal amount of the bonds before the redemption is 34,499,997 and after the redemption will be 29,999,999.40.
The list of bondholders will be fixed at the end of the day on March 28.
The company, according to the amendment, will redeem another 8 million of the bonds before July 8.
Baltic Horizon Fund is a regulated closed-end contractual investment fund registered in Estonia. The fund is managed by Northern Horizon Capital AS.
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