Groupe Steria to redeem all 5.7% perpetual convertibles on Jan. 2

By Marisa Wong

Madison, Wis., Dec. 3 - Groupe Steria said it has decided to proceed with an early redemption of its 5.7% perpetual subordinated convertible bonds.

The company plans to redeem the bonds in full on Jan. 2 at par of €37.36 plus accrued interest up to Dec. 31, or €2.12952, for a total redemption price of €39.48952 per bond.

Steria issued €148.5 million of the perpetual convertibles in November 2007.

The IT services company is based in Paris.

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