IBI Group calls C$14.76 million 7% subordinated convertibles due 2019

By Wendy Van Sickle

Columbus, Ohio, Aug. 20 – IBI Group Inc. will redeem its C$14,755,000 of outstanding 7% convertible unsecured subordinated debentures due June 30, 2019.

The convertibles, which have a conversion price of C$19.17 per common share, will be redeemed Sept. 26 at par plus accrued interest, according to a press release.

CIBC Mellon Trust Co. is the trustee.

IBI Group is an architecture, planning, engineering and technology firm based in Toronto.

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