Eurotunnel Group redeems all outstanding NRS II convertibles

By Devika Patel

Knoxville, Tenn., July 10 - Eurotunnel Group UK plc said it redeemed €307.24 million and €167.53 million of its NRS II convertible bonds for €729 million.

Following this partial redemption, all of the bonds issued in 2007 have been redeemed, saving the company about €68 million in financial charges for the year.

Eurotunnel Group, with headquarters in Paris and London, manages and operates the Channel Tunnel between the United Kingdom and France.

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