United Phosphorus redeems remaining $2 million of convertible bonds

By Jennifer Chiou

New York, Jan. 10 - United Phosphorus Ltd. announced that none of its original $80 million of foreign-currency convertible bonds due 2011 remains outstanding after the conversion of $78 million of the securities and the redemption of the last $2 million.

The conversions took place on various dates.

Based in Mumbai, India, United Phosphorus is focused on crop protection, chemicals and seeds.

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