Taiwan High Speed holders put $267.02 million in 0% convertible bonds

By Devika Patel

Knoxville, Tenn., May 17 - Taiwan High Speed Rail Corp. said it has redeemed and canceled $267.02 million of its $300 million in issued zero-coupon convertible bonds due 2012 on the May 15 put date. There is $26/32 million of the convertibles outstanding.

The notes were redeemed at 124.72.

The Taipei, Taiwan, company developed and operates the high-speed railway system in Taiwan.

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