Company hires and sector developments

BUMF tender

Greencoat Investments has launched a tender offer for the Business Mortgage Finance 4, 5, 6 and 7 CMBS. Fixed purchase prices for the bonds range from 0.50% to 101% per £1,000/€1,000/US$1,000 in principal amount of notes and an additional 0.50%-10% per £1,000/€1,000/US$1,000 is available as an early tender premium. The early tender deadline is 8 February and the expiration deadline is 25 February, with settlement due on 28 February. The offeror says it “wishes to establish a holding in respect of each series of notes”.

Services firm consolidation

Maples and Calder and MaplesFS - which comprises Maples Fiduciary and Maples Fund Services - have consolidated their offerings under a single brand, now called the Maples Group. The group includes an international law firm, advising on the laws of the British Virgin Islands, the Cayman Islands, Ireland, Jersey and Luxembourg, as well as global fund administration and fiduciary services. The firm operates from a network of 17 international locations and has a headcount of over 1800 people.