The group Eurotunnel announced Tuesday, March 4 that the first phase of the capital increase launched by the operator of the Channel Tunnel has been underwritten in full. It has thus able to repay 841 million of its debt.
Eurotunnel announced on Feb 20 a capital increase in two stages. The first of 800 million euros to maturity of eighteen months in the form of securities subordinated redeemable in action (TSRA).
"Given the positive developments in the exchange rate of the euro against the pound sterling and with a complement of very limited funding provided by the group, they are finally 6 million ORA (bonds redeemable in shares) II to be reimbursed for a value equivalent to 841 principal million euros ".