E-mail us: service@prospectnews.com Or call: 212 374 2800
Bank Loans - CLOs - Convertibles - Distressed Debt - Emerging Markets
Green Finance - High Yield - Investment Grade - Liability Management
Preferreds - Private Placements - Structured Products
 
Published on 6/4/2009 in the Prospect News Convertibles Daily.

3i Group changes conversion price on £430 million 3.625% convertibles

By Susanna Moon

Chicago, June 4 - 3i Group plc said it adjusted the conversion price on its £430 million of 3.625% convertible bonds due 2011 to 751p.

The adjustment comes after the rights issue announced on May 8 to raise £700 million through the issue of 542,060,391 shares at 135p each, according to a press release.

3i is a London-based investment firm.


© 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.