As informed, the bonds are currently traded on the stock market. The stock market price is 2.55% flat.
SCHNIGGE made a tender offer to bondholders of Rickmers Holding on January 5, 2018. The offer will end on January 31, 2018.
In May 2017, the bank already made a tender offer to acquire Rickmers Holding bonds.
Rickmers Holding filed for insolvency in June 2017 after HSH Nordbank AG rejected further negotiations on the restructuring.
However, the company was allowed to continue its business after Zeaborn Group and Bertram Rickmers took over its global ship management activities.
Source: World Maritime News