Golden Agri-Resources buys back some 2.5% convertible bonds due 2017

By Marisa Wong

Madison, Wis., June 22 – Golden Agri-Resources Ltd. announced it repurchased $2.4 million principal amount of its 2.5% convertible bonds due 2017 in the open market.

The company purchased the bonds for $2,389,000, including accrued interest.

Following settlement of the repurchased bonds on Monday, the outstanding principal amount of the bonds has been reduced to $395.6 million.

The Singapore-based palm oil plantation company priced $400 million of the 2.5% convertibles in September 2012.

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