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Invensys buys €12.812 million 5½% notes, $95.518 million 7 1/8% notes in tender
New York, Feb. 8 - Invensys plc said it bought €12.812 million of its €47.9 million of 5½% notes scheduled to come due on April 1 and $95.518 million of its $97.1 million of outstanding 7 1/8% notes due 2007.
The notes were tendered by the initial deadline of 5 p.m. ET on Feb. 4.
The tender continues to 5 p.m. ET on Feb. 22.
Holders who tender will now receive €1,003.75 per €1,000 principal amount for the 5½% notes and $1,057.50 per $1,000 principal amount for the 7 1/8% notes.
Following the initial purchase, €28.143 million of the 5½% notes and $1.6 million of the 7 1/8% notes remain outstanding.
Invensys announced the tender on Jan. 24 but did not disclose details at that time.
The dealer manager is Deutsche Bank AG London (contact Liability Management Group at +44 20 7545 8011). The information agent is Global Bondholder Services Corp. (banks and brokers call collect 212 430-3774, others call 866 807-2220).
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