Shanda holders put back some zero-coupon convertibles due 2014; remainder called

By Jennifer Chiou

New York, Oct. 15 - Shanda International Entertainment Ltd. announced that holders of its $275 million of zero-coupon senior convertible notes due 2014 have exercised their right to require the company to repurchase $15 million of the securities.

The Shanghai-based entertainment media company said it is calling the remaining $260 million of notes on Nov. 15.

The Bank of New York is the trustee.

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