Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers S > Headlines for STMicroelectronics NV > News item |
STMicroelectronics calls remaining zero-coupon bonds
Pittsburgh, June 8 - STMicroelectronics will redeem all of its remaining zero-coupon senior convertible bonds due 2010 on July 9 at a price of $789.76 per $1,000 principal amount.
The bonds can be converted until the close of business on the redemption date. The current conversion rate is 9.320.
To date, ST has repurchased $1.98 billion of the bonds, or 92% of the bonds issued.
The Geneva-based company develops and delivers semiconductor solutions for microelectronics applications.
© 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.