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Prospect News home > News index > List of issuers T > Headlines for Tenders 2012 > News item |
FKP Property to buy back A$12.3 million of 8% convertible notes
By Marisa Wong
Madison, Wis., Dec. 18 - FKP Property Group said it plans to repurchase and cancel A$12.3 million of its A$125 million 8% guaranteed convertible notes.
The notes will be bought back at a price of A$11,708,250.
The repurchase will be funded by recent non-core asset sales.
Following the transaction, A$112.7 million of the bonds will remain outstanding.
Settlement is expected to be in February.
FKP is a real estate development company based in Brisbane, Australia.
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