Wereldhave begins tender for €230 million 4.375% convertibles due 2014

By Susanna Moon

Chicago, March 21 - Wereldhave NV said it began a tender offer for its €230 million 4.375% convertible bonds due 2014.

The offer is intended "to reduce and optimize Wereldhave's debt position in light of the recently announced asset disposals," according to a company press release.

Barclays Bank plc is the lead dealer manager, and Kempen & Co NV is the co-dealer manager.

Wereldhave is a Hague, the Netherlands-based closed-end real estate investment company.

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