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Land Securities calls 7% convertibles
New York, May 22 - Land Securities plc said it is calling its outstanding 7% convertible bonds due 2008.
The securities will be redeemed at par plus accrued interest on June 27.
Bondholders can convert their holdings at a price of 640p per ordinary share up until the close of business on June 20. The stock closed at 960p on Tuesday.
At May 21, £31.221 million of the convertibles were outstanding.
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