Taliworks: Holders put remaining RM 113 million 2.25% convertibles

By Marisa Wong

Madison, Wis., Nov. 15 - Taliworks Corp. Bhd. said that all holders of its remaining RM 113 million of 2.25% convertible bonds due 2012 have exercised their put option.

The company will redeem all of the outstanding convertibles on Dec. 6 at the early redemption amount of RM 1,112,800 per RM 1 million of convertibles.

The company originally issued RM 225 million of the convertibles.

HSBC (Malaysia) Trustees Bhd. is the trustee for the convertibles.

Taliworks is an investment holding company based in Kuala Lumpur, Malaysia.

© 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.