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Published on 10/6/2017 in the Prospect News Convertibles Daily and Prospect News Liability Management Daily.

Intu Properties repurchases £34.9 million of 2.5% convertible bonds

By Sarah Lizee

Olympia, Wash., Oct. 6 – Intu Properties plc repurchased £34.9 million of the 2.5% convertible bonds due 2018 issued by Intu (Jersey) Ltd. and guaranteed by the company, according to a notice from the issuer.

This purchase, along with the previous purchases made on Sept. 28 and Oct. 4 totaling £104.7 million, leaves £160.4 million outstanding. The issue was originally £300 million in size.

Intu is a London-based real estate investment trust.


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