| Add to balance / Manage account | User: | Log out |
| Prospect News home > News index > List of issuers L > Headlines for Land Securities plc > News item |
Land Securities buys back £34.5 million convertibles
New York, May 28 - Land Securities plc said it bought back £34.528 million of its convertibles via Cazenove.
The company repurchased £22.474 million of its 6% convertible bonds due 2007 leaving £187.524 million outstanding and £12.054 million of its 7% convertible bonds due 2008 leaving £19.167 million outstanding.
Land Securities said it may repurchase further convertibles if they are available at attractive levels.
On May 22, the company said it would redeem its 7% convertibles 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.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.