lastminute.com 6% convertibles to be redeemed on Aug. 3

New York, July 27 - lastminute.com plc said its €102.582 million of 6% convertible bonds due 2008 will be redeemed on Aug. 3.

The action, part of the company's acquisition by Sabre Inc., follows approval by investors at a special meeting in June.

The London-based online travel site will pay a price equivalent to par plus all remaining coupons to maturity, discounted using 50 basis points over the euro swap rate to Sept. 12, 2008.

lastminute.com also made modifications to the terms and conditions of the bonds.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.