Chaoda Modern Agriculture redeems in full remaining convertibles

By Marisa Wong

Madison, Wis., April 3 - Chaoda Modern Agriculture (Holdings) Ltd. said it redeemed the remaining $4.6 million outstanding principal amount of its convertible bonds on April 3.

As previously announced, holders of $195.4 million of the convertible bonds exercised their put option on Feb. 15. The put amount represented 97.7% of the then outstanding principal amount of the bonds.

Chaoda is a Fuzhou, China, agricultural company that primarily grows vegetables and fruit.

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