Agile’s dollar bonds dropped as much as 9% on Friday. A Debtwire report said that Agile has set aside funds for the redemption of its $200mn 3.85% bonds due November 18 and for its off-balance sheet $250mn note due November 24. Agile’s SPV Better Hai Investment is expected to cover the redemption of the off-balance sheet guaranteed notes. Agile added that ‘it has no other private debt facilities due this year, and plans to refrain from the off-balance-sheet, guaranteed structure in future’.
Agile’s Dollar Bonds Drop ~9% Despite Setting Aside Funds for Bond Redemption
