3i Group buys back £75.1 million of its 3.625% convertibles due 2011

By Susanna Moon

Chicago, April 15 - 3i Group plc said it made market purchases of £75.1 million of its 3.625% convertible bonds due 2011.

After the bonds are canceled, there will be £354.9 million of the convertibles outstanding.

The company said on June 4, 2009 that it adjusted the conversion price on the notes to 751p.

The adjustment followed a rights issue to raise roughly £700 million through the sale of 542,060,391 shares at 135p each, according to a previous press release.

3i is a London-based investment firm.

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