Engie SA (FR:ENGI) has released an update.
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Engie SA is initiating a tender offer for two series of its hybrid bonds, aiming to manage its hybrid capital and balance sheet more proactively. The offer targets undated subordinated fixed rate resettable notes first callable in November 2024 and April 2025, coinciding with plans to issue new series of similar notes under its Euro Medium Term Note Programme. The tender offer is expected to conclude by 13 June 2024, with Engie retaining discretion over the accepted tender amounts.
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