In an attempt to reduce its $11.7bn debts, Eurotunnel has launched a rights issue to buy back $507.2m of the debt. The price constitutes a discount to its face value. Eurotunnel told the UK press that the transaction would cut $24m/year from its interest bill, so strengthening the balance sheet. Eurotunnel also released figures showing that operating revenues for the third quarter were less by 8%.
