MADRID, 20 Mar. (EUROPA PRESS) –
Aedas Homes has proposed to the holders of its ‘green’ bond of 325 million euros a partial repurchase of the same for a maximum amount of 50 million euros, with the aim of reducing the company’s gross debt.
This Tuesday, the promoter opened the deadline to participate in this repurchase, until next March 27, at a maximum price of 99% of the face value of the bond issue, as reported to the National Securities Market Commission ( CNMV).
The company leaves the door open to accepting an amount higher or lower than the 50 million euros proposed for this 325 million euro bond, issued in 2021 with an annual interest of 4% and maturing in more than five years.
The credit risk of the issuance of this bond had a rating by S
The company defends that this operation, in which Goldman Sachs acts as the sole ‘dealer manager’ of the operation and Morrow Sodali as ‘tender agent’, is part of its strategy of maintaining adequate leverage, as well as offering attractive remuneration to its shareholders.
In this sense, this week it announced the distribution of a gross dividend of 2.25 euros per share based on the results of the current fiscal year that ends on March 31, which translates into a total remuneration of 97 millions of euros.
“The main objective of this buyback offer is the optimization and reduction of the existing gross debt, thus improving the company’s financial terms and costs,” explained its financial director, María José Leal.
