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Published on 3/31/2011 in the Prospect News Convertibles Daily.

euNetworks to reset conversion price on 0% convertibles due 2013

By Marisa Wong

Madison, Wis., March 31 - euNetworks Group Ltd. said it will reset the conversion price on its S$86,455,403 zero-coupon mandatory convertible bonds due 2013.

The conversion price will be reset to S$0.018491 from S$0.019231, effective April 1.

euNetworks is a Singapore-based subsidiary of Global Voice Group SA, a telecommunications carrier based in Port-au-Prince, Haiti.


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