Bouygues calls 1.7% Oceanes

New York, March 24 - Bouyges said it will redeem its outstanding 1.7% convertible bonds in the Oceanes structure on April 29.

The securities will be redeemed at €262.40 each plus accrued interest since Jan. 1 of €1.45.

Up to April 20, holders can convert the bonds into stock at the rate of 10.18 shares per bond.

Bouygues stock closed at €27.55 Wednesday.

The company is a Saint-Quentin en Yvelines, France diversified industrial company.

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