Refco to redeem $210 million of 9% senior subordinated notes due 2012

By Jennifer Chiou

New York, Aug. 17 - Refco Inc. announced its subsidiaries Refco Group Ltd., LLC and Refco Finance Inc. will redeem $210 million of their $600 million of 9% senior subordinated notes due 2012 at 109%.

Refco will also pay accrued interest up to Sept. 16, the redemption date.

The New York financial services company will use partial proceeds from the company's initial public offering for the redemption.

Refco originally announced its plans to exercise the equity clawback on April 8.

Wells Fargo Bank, NA is the paying agent (800 344-5128).

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