Invensys redeems 35% of outstanding 9 7/8% bonds for £243 million

By Laura Lutz

Des Moines, July 18 - Invensys plc completed the redemption of 35% of its outstanding 9 7/8% high yield bonds for £243 million at March 31 exchange rates, according to a company release.

The bonds were redeemed at par plus an early redemption payment equal to one year's interest.

The redemption was part of a refinancing announced May 26.

Invensys is a London-based automation, controls and process services company.

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