Cargill Financial Sevices Corp.'s tender offer for a 1983 bond issue of the Government Development Bank of Puerto has been extended until Aug. 5, according to a disclosure message.
The offer had been set to expire at 5 p.m., eastern standard time, on July 29. Officials at Merrill Lynch & Co., which is acting as broker on behalf of Cargill, and officials with Cargill declined to comment.
Cargill has offered to purchase the outstanding bonds of a $450 million government development bank offering for a minimum price of $114.25 per $100 face value of the bonds, plus accrued interest.
