Euronav announced final results convertible bonds exchange offer

Euronav NV announced the final results of the invitation to holders to exchange any and all outstanding 6.50% convertible bonds due in January 2015 for new 6.50% convertible bonds due in January 2018.

Euronav confirms that the final aggregate principal amount of existing convertible bonds that have been validly tendered for exchange is USD 125 million, representing a total of 1,250 new convertible bonds to be issued.

The issue of the new convertible bonds was scheduled for the 20th of February 2013, followed by the listing of the new convertible bonds on the Euro MTF Market of the Luxembourg Stock Exchange soon after. < Korea Shipping Gazette >