Edcon calls all €387.64 million senior secured floaters notes due 2014

By Tali David

Minneapolis, April 19 - Edcon Ltd. plans to redeem all €387.64 million of its senior secured floating-rate notes due 2014, according to a company notice with the London Stock Exchange.

The notes will be redeemed at par plus accrued interest, for a total of €390,046,733.88, on May 19. Settlement is expected May 20.

The Bank of New York Mellon is the trustee.

Johannesburg-based Edcon, doing business as Jet Stores, operates clothing, shoes and accessories stores in South Africa, Botswana, Lesotho, Namibia and Swaziland.

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