According to reports, the French video game company Ubisoft on Wednesday canceled a 500 million euro debt repurchase program, citing poor market conditions.
“Given the current state of the market, Ubisoft has decided to withdraw its tender offer for the €500,000,000 1.289% existing outstanding bond due 2023,” the company said in a statement.
Ubisoft announced earlier this month that it would restructure debt by repurchasing bonds and issuing new ones.
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