ACWA Power unit to buy $400m in cash bonds to reduce debt  

Tue, 2022-11-08 11:23

RIYADH: ACWA Power Co. said its fully owned subsidiary, ACWA Power Management and Investments One Ltd., offered to purchase cash bonds up to $400 million on the Irish Stock Exchange.  

ACWA Power disclosed in a bourse filing that its senior secured bonds issued in 2017 and due in 2039 had a pre-amortization aggregate principal amount of $814 million and an aggregate basic value of $812.37 million before amortization or equivalent to $814 million after amortization.  

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