Aspect calls 0% convertibles

New York, Nov. 26 - Aspect Communications Corp. said it will redeem its remaining zero-coupon convertible subordinated debentures due 2018 on Dec. 29.

The San Jose, Calif., contact center solutions company said it will pay $421.61 per $1,000 principal amount at maturity for the convertibles.

As of Nov. 23, Aspect had $2.3 million principal amount of the securities outstanding.

The call follows exercise of the put option in August. The securities also became callable on Aug. 12.

Aspect said it is redeeming the convertibles to eliminate the interest expense and to remove the debt from its capital structure.

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