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Rogers Sugar to redeem C$77.936 million of 5.9% convertibles due 2013
By Tali David
Minneapolis, Nov. 16 - Rogers Sugar Inc. announced that it is redeeming all C$77.936 million of its 5.9% convertible unsecured subordinated debentures due June 29, 2013.
The redemption date is Dec. 19.
Funding will come from a C$60 million offering of 5.75% convertible unsecured subordinated debentures due 2018.
Montreal-based Rogers Sugar is an open-ended, limited purpose trust that holds all of the common shares of Lantic Inc. sugar refineries.
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