Infineon makes clean-up call for 1.375% subordinated exchangeables

By Jennifer Chiou

New York, Sept. 8 - Infineon Technologies Investment BV announced the exercise of a clean-up call for the remaining amount of its original €215 million of 1.375% guaranteed subordinated exchangeable bonds due 2010.

The company said that it became aware on Aug. 31 that the outstanding amount of bonds had fallen below €43 million.

The bonds are exchangeable into American Depositary Shares representing ordinary shares of Qimonda AG.

The securities are guaranteed by Infineon Technologies AG.

The bonds will be redeemed at par plus accrued interest up to Sept. 29, the redemption date.

Neubiberg, Germany-based Infineon is a semiconductor company.

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