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Aroundtown holders convert €95.4 million remaining 1.5% convertibles
By Susanna Moon
Chicago, Oct. 12 – Aroundtown SA said holders exercised the conversion rights for all of its outstanding €300 million 1.5% series C convertible bonds due Jan. 18, 2021.
The company’s stock (Frankfurt: AT1) closed at €7.135 on Oct. 12.
Aroundtown said on Sept. 21 that it would redeem its €95.4 million of outstanding 1.5% convertibles on Oct. 22.
Holders could 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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