Global broker Admiral Markets US has issued a Tier 2 bond buyback offer at 104.53 per bond up to 2 June 2023.
Global retail multi-asset broker Admiral Markets US has announced a Tier 2 bond buyback offer for the period from 23 May 2023 to 2 June 20232 issued on 28 December 2017 (ISIN code EE3300111251, face value EUR 100 per bond) with a maturity date of December 28, 2027.
During the buyback request period, the broker received 4,733 buyback orders from 60 investors for EUR 104.53 per bond. The face price of the bond is €100 with the bonus is €1, and the interest is €3.53. The bond transaction value date is June 7, 2023, or a date close to it.
The buyback distribution allows the investor to resell all bonds specified in the buyback order. The buyback offer is only for Admiral Markets US bond investors on the same terms.
In addition, Admiral Markets last month announced a proposed restructuring that would include a bond buyback and a merger of the holding companies Admiral Markets US and Admirals Group US. In response to these considerations, Admiral Markets will also revoke the operating license of its Estonian subsidiary, which is expected to occur in the second half of this year, possibly in August 2023.
As a result of this development, all remaining rights and obligations relating to the bonds not resold to Admiral Markets under the current offering will be transferred into Admirals Group USA during the merger, which will continue to operate following the maturity terms of the bonds.