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Bond Market News
JLR Announces Tender Offer to Buyback EUR and USD Bonds
October 9, 2023
Jaguar Land-Rover (JLR) announced a tender offer to buyback some of its EUR and USD denominated bonds in the following order of priority:
- 6.875% bonds due 2026 at a purchase price of €101.75 per €100 in principal (currently at 101.675)
- 5.875% bonds due 2028 at a purchase price of $90.75 per €100 in principal (currently at 90.01)
- 5.5% bonds due 2029 at a purchase price of $87.00 per €100 in principal (currently at 85.60)
The offer expires on October 13, 2023 up to a maximum buyback amount of $500mn. The purchase price does not include accrued coupons which will be payable in cash in addition to the purchase price.
For more details, click here
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