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CLS Holdings sets redemption price for £65M bonds due 2019

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CLS Holdings sets redemption price for £65M bonds due 2019

U.K.-based real estate investor CLS Holdings PLC has set the redemption price for its £65 million worth of 5.50% senior unsecured bonds at £105.745977 per £100 in principal amount, inclusive of accrued interest.

The price translates to a total redemption price of £68.4 million, not taking into account accrued interest.

CLS will on July 31 fully redeem the bonds due 2019, according to a release.