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Prospect News home > News index > List of issuers Tenders > Headlines for 2013 > News item
Published on 1/3/2013 in the Prospect News High Yield Daily and Prospect News Liability Management Daily.

Novae Group intends to purchase up to 12% of 6½% bonds for cancellation

By Tali David

Minneapolis, Jan. 3 - Novae Group plc said it intends to purchase up to 12% of its 6½% bonds due April 27, 2017 for cancellation beginning Jan. 7, according to a notice.

The purchase period will end on the day prior to the announcement of the company's results for the 12 months ended Dec. 31.

Lloyds TSB Bank plc will be agent for the repurchases.

The company currently has £59,935,000 of the bonds outstanding.

Novae is a London-based risk-taking insurance business.


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