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CI Financial Sets Terms for 2051 Notes Buyback

CI Financial Sets Terms for 2051 Notes Buyback

CI Financial (TSE:CIX) has released an update.

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CI Financial Corp. has revealed the pricing details for its cash tender offer targeting the complete buyback of its 4.100% Notes due in 2051. The tender offer includes an Early Tender Premium, as well as accrued interest up to the expected early settlement date of June 7, 2024. Investors have shown significant interest, with $570,127,000 of the $900,000,000 principal amount tendered by the early deadline.

For further insights into TSE:CIX stock, check out TipRanks’ Stock Analysis page.

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