Santiago, Chile-based steelmaker CAP S.A. announced Wednesday the results of its bond buy-back program. The company announced July 8 that it will offer to purchase 7.375 percent of its bonds due 2036 for cash.
The total value of the bonds offered was US$200 million, and CAP has repurchased US$129,895,000 in bonds, for US$1,117.33 (per US$1,000 principal amount) each. The total cash payment to purchase the bonds is approximately US$148.5 million.