Liberty International to redeem 6.25% convertibles

New York, Nov. 24 - Liberty International plc said it will redeem its 6.25% subordinated convertible bonds due 2006 on Dec. 31.

The London real estate company will redeem the securities at par plus accrued interest.

Holders may convert the bonds into stock until Dec. 17 for registered bonds or Dec. 24 for bearer bonds. The conversion price is £4.50 per share. Liberty stock closed at £6.565 on Friday.

As of June 30, Liberty had £63.6 million of the convertibles outstanding.

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