Rheinmetall sets buyback price for '06 bond -banks

Newswire

LONDON, March 22 (Reuters) - Automotive and defence group Rheinmetall will buy back its 6.125 percent euro bonds maturing in 2006 at 104 percent of face value plus 324 days' accrued interest, the banks managing the buyback said on Tuesday. The German company said earlier it had launched a buyback for the bond, with 350 million euros ($462.2 million) outstanding, to strengthen its balance sheet. Bondholders can offer notes between March 22 and April 15, dealer managers Commerzbank and ...

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