IBI Group to redeem 5.5% convertibles due December 2021 on Jan. 15

By Wendy Van Sickle

Columbus, Ohio, Dec. 15 – IBI Group Inc. will redeem its C$46 million of 5.5% convertible debentures due Dec. 31, 2021 on Jan. 15 at par plus accrued interest, according to a company news release.

The company announced in September that it planned to redeem the convertibles with proceeds of a new offering of debentures.

CIBC Mellon Trust Co. is the trustee.

The architecture and engineering firm is based in Toronto.

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