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REAL ESTATE: Annington Funding PLC (ANNFND): Tender Results

REAL ESTATE
Credit BulletsUKCEEMEABullet

ANNFND 2.924% 2051 seems to be headed for a legal dispute

  • ANNFND have announced the results of their tender.
  • 72% of bonds on average were accepted
  • The clear stand-out was the 2.924% 2051 in which only 10.61% of notes were tendered.
  • The Tender price on the bond was G+36 but it is currently quoted 2-3 pts above the tender level implying holders are hoping to force a much higher payment.
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ANNFND 2.924% 2051 seems to be headed for a legal dispute

  • ANNFND have announced the results of their tender.
  • 72% of bonds on average were accepted
  • The clear stand-out was the 2.924% 2051 in which only 10.61% of notes were tendered.
  • The Tender price on the bond was G+36 but it is currently quoted 2-3 pts above the tender level implying holders are hoping to force a much higher payment.