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Published on 9/28/2009 in the Prospect News Convertibles Daily.

Punch Taverns repurchases 5.9% of its 5% convertible bonds due 2010

By Devika Patel

Knoxville, Tenn., Sept. 28 - Punch Taverns plc said it repurchased 5.9% of the 5% convertible bonds due 2010 issued by Punch Taverns (Redwood JerseyCo) Ltd.

Following cancellation of the repurchased convertibles, there will be £58.08 million of the convertibles outstanding.

Punch Taverns is a pub company based in Burton on Trent, England.


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