Understanding SPIE's Bond Redemption: Key Highlights

Author: Owen Jenkins Updated: 06-24-2025 06:15 AM

Overview of SPIE's Bond Redemption Terms

SPIE, a prominent issuer, has provided essential information regarding the redemption of its €600,000,000 2.625% Bonds that are due on June 18, 2026. This notice serves to inform all bondholders about the terms and applicable redemption dates. Understanding these details is crucial for investors holding these bonds.

Essential Redemption Details

Redemption Announcement

On June 24, 2025, SPIE announced it would redeem all outstanding bonds on June 27, 2025, at the determined optional redemption amount. The bonds, issued under ISIN: FR0013426376, have become a focal point for bondholders keen on understanding their financial implications.

Calculated Redemption Amounts

The optional redemption amount is calculated to be €100,526.35 for every €100,000 bond. This figure reflects careful consideration by the Calculation Agent, which determines it based on the Early Redemption Rate and accrued interest. Bondholders should pay close attention to these calculations, as they affect their overall returns.

Details Behind Calculation

Understanding Early Redemption Rate

The Early Redemption Rate, set at 1.8410%, is a vital figure in the calculation of the optional redemption amount. This rate indicates the expected yield investors receive when redeeming their bonds early, a mechanism designed to provide bondholders with clearer financial pathways.

Accrued Interest Calculations

As of the Optional Make Whole Redemption Date, interest accrued on the bonds will total €64.73 for every €100,000 bond. This interest plays a significant role in calculating the eventual payout bondholders will receive upon redemption.

Market Impact of Redemption

The upcoming redemption will have notable implications for the bond market, particularly on Euronext Paris where these bonds are listed. Following the optional make whole redemption date, SPIE's bonds will be delisted, thereby closing a chapter on this issuance.

Conclusion and Final Notes

In summary, SPIE's bond redemption offers investors crucial details to make informed decisions. The combination of the optional redemption amount, early redemption rate, and accrued interest underscores the importance of understanding the terms outlined in the associated prospectus.

Frequently Asked Questions

What is the significance of SPIE’s bond redemption?

SPIE's bond redemption signifies a strategic decision by the issuer to manage its debt obligations and provide returns to investors.

When is the optional make whole redemption date?

The optional make whole redemption date is set for June 27, 2025.

How much will bondholders receive upon redemption?

Bondholders will receive €100,526.35 for each €100,000 bond upon redemption.

What is the Early Redemption Rate for these bonds?

The Early Redemption Rate is fixed at 1.8410%.

What happens to the bonds after the redemption date?

After the redemption date, the bonds will be delisted from Euronext Paris.

About The Author

Hi there I'm 38-year-old author and financial consultant Owen Jenkins. Having worked in the financial sector for more than ten years, I am well-versed in the subtleties and complexity that mold our financial environment. Following a degree in finance, I worked in a number of financial institutions honing my abilities in market analysis, financial planning, and investment strategies.

My love is teaching others about investing and personal finance. My goal in writing many books and articles has been to demystify financial ideas and give readers the information they need to make wise financial decisions. I write with a direct, useful style that emphasizes doable suggestions for daily living.

Along with writing, I lead webinars and seminars where I impart knowledge on how to successfully negotiate the financial world. I also write for financial journals and show up as a guest expert on financial news programs a lot. Whether they are new to investing or want to improve their approach, my mission is to enable people to take charge of their financial futures.

Beyond work, I like to hike, play the guitar, and spend time with my family. I think that balance is crucial and want to encourage people to strike a balance between their financial aspirations and their hobbies. I want to help people succeed and achieve financial security through my work, so having a good influence.

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