LONDON (Alliance News) - Clear Leisure PLC on Thursday said it plans to extend the final maturity date of its EUR9.9 million zero coupon bond.
Clear Leisure, which invests in leisure and real estate companies, mainly in Italy, said it is seeking approval from shareholders to extend the final maturity date to December 16, 2017, from December 15, 2015.
It is also seeking approval to redeem the bond at 114.49% of nominal value on December 16, 2017, giving an effective 7% annual interest rate, compared with the current 9.5%.
Shares in Clear Leisure were untraded on Thursday, having last traded at 0.615 pence.
By Karolina Kaminska; karolinakaminska@alliancenews.com @KarolinaAllNews
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