Malaysia's Perisai Petroleum redeems remaining 0% two-year bonds

By Marisa Wong

Madison, Wis., March 16 - Perisai Petroleum Teknologi Bhd. announced the full and final redemption of its zero-coupon two-year redeemable convertible bonds on Wednesday following the conversion of the remaining $2 million of outstanding convertible bonds into Perisai stock.

OSK Investment Bank Bhd. is the agent.

Perisai is a Kuala Lumpur-based company engaged in the manufacture, supply, commissioning and installation of corrosion control products for marine and oil and gas industries.

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