Aveo to redeem A$87.4 million of put 8% convertible notes on Jan. 5

By Marisa Wong

Madison, Wis., Nov. 25 - Aveo Group said it will redeem A$87.4 million of its 8% guaranteed convertible notes on Jan. 5 following a put exercise.

Following the redemption, A$1 million of the notes will remain outstanding, and the conversion date for those bonds is Jan. 5, 2016.

With corporate offices in Sydney and Brisbane, Aveo operates retirement communities throughout Australia.

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