Aroundtown calls €95.4 million remaining 1.5% series C convertibles

By Susanna Moon

Chicago, Sept. 21 – Aroundtown SA said it will redeem its €95.4 million of outstanding €300 million of 1.5% series C convertible bonds due Jan. 18, 2021.

The convertibles will be redeemed on Oct. 22, according to a notice.

Holders must exercise their conversion rights by the close of business on Oct. 12.

The company said on Aug. 29 that holders had exercised the conversion option for €174.4 million of the convertibles under early incentive payment talks.

Aroundtown is a Luxembourg-based investor in real estate specializing in central locations of cities in Germany and the Netherlands.

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