ACWA Power subsidiary increases maximum value of ACWA39 ‎bond to $428 mln

ACWA Power announced that its subsidiary ACWA Power Management & Investment One Ltd. has increased the maximum partial purchase value of the ACWA39 bond from $400,000,000 total value before amortization to $428,000,000.

The company said in a statement today on “Tadawul” that the purchase offer and acceptance of the bonds are subject to the other terms and conditions contained in the purchase offer memorandum dated November 7, 2022, prepared by ACWA Power Management and Investment One Ltd., and are subject to the offer restrictions as described in the memorandum. Offer to buy.

It added that the percentage of completion will be determined after the end of the repurchase process on the date of the final settlement, indicating that the expected date for the completion of the event is December 9, 2022 (the date of the final settlement).