RIYADH: ACWA Power Co. said its fully owned subsidiary, ACWA Power Management and Investments One Ltd., offered to purchase cash bonds up to $400 million on the Irish Stock Exchange. ACWA Power disclosed in a bourse filing that its senior secured bonds issued in 2017 and due in 2039 had a pre-amortization aggregate principal amount of $814 million and an aggregate basic value of $812.37 million before amortization or equivalent to $814 million after amortization. The filing said that by accepting the bonds for purchase pursuant to the tender offer, APMIOne would reduce its debt service obligations and expenditures. To fund the offer, ACWA Power, APMIOne, and certain subsidiaries will use their existing cash resources.