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Atrium Repays Convertible Bond to Meinl
The American-Israeli real estate fund Atrium repays the 10.75% 2008 convertible bond to the Austrian Meinl Bank.
Atrium Repays Convertible Bond to Meinl / Picture: © Vindobona.org
Atrium European Real Estate Limited has announced that they will repay the entire outstanding 2008 bond at par value for € 20m, including interest. Atrium assesses the redemption as value-enhancing. Meinl Bank however considers the repayment an "admission of tardiness”.
The recently call made by the Centrum Bank in Vaduz is considered as invalid by Atrium, who however has …
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