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CSX buys back $8,000 zero-coupon convertibles due 2021
By Susanna Moon
Chicago, Oct. 31 - CSX Corp. said it was required to purchase only $8,000 principal amount of its zero-coupon convertible debentures due Oct. 30, 2021.
CSX said it paid accreted value of $887.94 per $1,000 principal amount, or a total of $7,100.
As a result of the buyback, $31.5 million principal amount remains outstanding.
CSX is a railroad and transportation company based in Jacksonville, Fla.
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