Eurotunnel, the UK-France rail link company that delayed a debt repackaging bond issue late last year, will pay interest to investors who tendered their old loans as if they still owned them.

Tunnel Junior Debt Holdings, a special purpose company incorporated in the Netherlands to buy old underperforming Eurotunnel bank loans from investors, bought back some of Eurotunnel's old debt late last year. It is therefore entitled to the interest payable on those loans, but the company said Tuesday that it would pay the interest to the previous holders of the debt.