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Published on 5/7/2010 in the Prospect News Convertibles Daily and Prospect News Liability Management Daily.

GuocoLand holders put back 97.91% of tranche 1 convertible notes

By Jennifer Chiou

New York, May 7 - GuocoLand Ltd. announced that holders opted to put back S$337.8 million, or 97.91%, of their S$345 million of unsecured tranche 1 convertible bonds due 2012 for redemption on May 7.

The Singapore-based property developer said that the put bonds were redeemed and canceled.


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