Santiago, Chile-based steelmaker CAP S.A. announced Friday that it has offered to buy back its bonds. In a press release, CAP S.A. said that it will pay cash for any and all of its 7.375 bonds due 2036. The bonds are valued at about US$200 million.
The offer began July 8 and will continue for 11 days until July 19 unless extended to terminated at an earlier date.