Acer holders can opt to put 0% convertible bonds due 2015 on Aug. 10

By Marisa Wong

Madison, Wis., June 17 - Acer Inc. said holders of its outstanding zero-coupon convertible bonds due 2015 may exercise their put rights on Aug. 10.

The bonds will be redeemed at an early redemption price of $101,296.95.

Holders who elect to exercise their put options must deliver a written notice to the agent, Citibank NA, London Branch, by July 29.

The bonds are still convertible at any time up to the close of business on the fifth day before the redemption date. The conversion price is currently NT$102.01.

As of June 17, the outstanding principal amount of the bonds was $173.4 million.

Acer is a personal computer vendor based in Taipei, Taiwan.

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