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Tyco buys back $1.43 million LYONs due 2020 in response to put
By Jennifer Chiou
New York, Nov. 18 - Tyco International Ltd. said holders of $1,432,300 of its zero-coupon senior Liquid Yield Option Notes due 2020 put their securities in the company's repurchase offer.
The put expired at 5 p.m. ET on Nov. 17.
For each $1,000 principal amount at maturity, Tyco paid $799.19 in cash for a total of $1,144,679.84.
U.S. Bank NA was trustee.
Based in Pembroke, Bermuda, Tyco International provides products to businesses in the fire and security, electronics, health care, engineered products and services, and plastics and adhesives sectors.
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