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KME Group’s Bond Exchange Offer Progress Update

KME Group’s Bond Exchange Offer Progress Update

Intek Group S.p.A. (IT:KME) has released an update.

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KME Group S.p.A. has reported provisional results for its partial voluntary public exchange offer on its 2020-2025 bonds, with 20.16% of bonds being submitted so far. The offer, which began on November 4 and continues until November 26, allows bondholders to exchange their holdings under specific regulatory exemptions. Payments for the exchange will be processed on December 3, 2024.

For further insights into IT:KME stock, check out TipRanks’ Stock Analysis page.

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