Moody's: ENN's offer to buy back USD notes has no immediate rating impact
Hong Kong, November 16, 2016-- Moody's Investors Service says that ENN Energy Holdings Limited's tender offer to repurchase up to USD300 million of its outstanding USD750 million senior notes-- once completed-- will have no immediate impact on its Baa3 issuer and senior unsecured ratings and positive outlook. On 15 November, ENN announced its offer to repurchase up to USD300 million of its USD750 million notes due 2021. The last tender offer to early redeem USD debt was completed in...
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