Offer level will be key in Fairfax buyback
- Thursday, 21 May 2009
Fairfax Media Group (Fairfax) (BB+) announced on May 21 that it is “considering” a buyback of its A$200 million (US$154.82 million) June 2011 domestic bond, with market sources saying the issuer is attempting to take an opportunity to replace the public bond with a cheaper source of debt funding.
