Omnicom's 0% convertibles due 2032 to accrue contingent cash interest

By Tali Rackner

Minneapolis, Jan. 31 - Omnicom Group Inc. subsidiary Omnicom Capital Inc. said that their zero-coupon zero-yield convertible notes due 2032 will accrue contingent interest for the six-month period beginning Feb. 1, according to a press release.

The contingent cash interest of $2.81 per $1,000 principal amount of notes is payable on each of April 30 and July 31 to holders of record as of April 15 and July 15, respectively.

Total contingent interest for the semiannual period is expected to be about $1.4 million, the company said.

Omnicom is a New York-based marketing and corporate communications company.

© 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.