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Swiber holders put $64.4 million of 5% convertible bonds due 2014
By Marisa Wong
Madison, Wis., Oct. 16 - Swiber Holdings Ltd. said that certain holders of its $100 million of 5% convertible bonds due 2014 exercised their put option. The company said it redeemed $64.4 million of put bonds on Oct. 16.
Following the early redemption, $35.6 million of the bonds remains outstanding.
Swiber is a Singapore-based offshore oil and gas company.
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