Note swap could fund HS1 bid

摘要

Groupe Eurotunnel SA announced on October 27 that it was allowing Tranche 3 of its Notes Redeemable in Shares to be exchanged on a voluntary basis between November 4 and 17. Holders will receive 25 ordinary Eurotunnel shares for each NRS 1 T3 surrendered, plus cash equal to the accrued coupon as at November 24.rnThe NRS 1 T3 were issued on June 28 2007 as part of the financial restructuring that successfully reduced Eurotunnel's debt burden to a realistic level in relation to the company's potential to pay dividends to shareholders.