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Prospect News home > News index > List of issuers P > Headlines for Punch Taverns plc > News item
Published on 9/23/2009 in the Prospect News Convertibles Daily.

Punch Taverns repurchases 10.1% of its convertible bonds due 2010

By Devika Patel

Knoxville, Tenn., Sept. 23 - Punch Taverns plc said it repurchased a total of 10.1% of the 5% convertible bonds due 2010 that were issued by Punch Taverns (Redwood JerseyCo) Ltd. These bonds will be cancelled.

Following cancellation, there will be £74.32 million of the bonds remaining outstanding, or 27% of the original issue.

Punch Taverns is a pub owner based in Burton-upon-Trent, England.


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