Vinci calls 1% convertibles

New York, Aug. 3 - Vinci said it will redeem its 1% convertible bonds due 2007 in the Oceanes structure on Aug. 22.

The company will pay €103.19 per bond plus accrued interest since Jan. 1 of €0.57 for a total of €103.76.

Up to the close of the seventh business day before the redemption date, holders can convert the Oceanes into stock at the rate of two shares per bond. Vinci stock closed at €68.20 on Wednesday.

Vinci is a Rueil-Malmaison, France, construction and related services company.

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