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FirstFarms starts conversion incentive offer for 6% bonds due 2016
New York, April 13 – FirstFarms A/S announced a conversion incentive offer for its 6% convertible bonds due March 15, 2016.
Holders who convert before May 15 will receive an additional conversion premium of 0.5% of the principal amount of the bonds, according to a company announcement.
FirstFarms issued Kr 54.5 million of the convertibles in November 2013.
The Billund, Denmark-based company invests in agriculture and land in Eastern Europe.
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