Dutch listed property group Wereldhave has shelved plans to offer €220 mln in five-year convertible bonds on the back of 'insufficient interest' for the issue.
Dutch listed property group Wereldhave has shelved plans to offer €220 mln in five-year convertible bonds on the back of 'insufficient interest' for the issue.
Wereldhave announced earlier this week that it was planning an offering of bonds due in 2018 in order to repurchase €230 mln of 2.875% convertible bonds due 2015.
Holders of the convertible bonds were approached to consider an open market repurchase and the concurrent issue of new bonds, but the company said there was 'insufficient interest'.
'Wereldhave will continue to explore refinancing options in order to optimise its debt maturity profile at attractive terms for its shareholders,' the Amsterdam-based firm said.
