Wereldhave plans to price €250 million of new convertible bonds

By Rebecca Melvin

New York, May 15 - Wereldhave NV said it planned to price €250 million of new convertible bonds and will repurchase up to €100 million of its existing 2.875% convertibles due 2015 with part of the proceeds, according to a news release.

There are €230 million outstanding of the existing bonds.

The new bonds may be increased by €25 million.

Based in the Hague, the Netherlands, Wereldhave is a real estate company with properties in Europe and the United States.

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