ENN Energy buys back, holders convert $25.25 million 0% convertibles

By Susanna Moon

Chicago, Jan. 10 – ENN Energy Holdings Ltd. said it repurchased $20 million principal amount of its $500 million zero-coupon convertible bonds due 2018 on Dec. 6.

Also, as of Wednesday, ENN had received conversion notices for another $5.25 million of the bonds, which the company has exercised the option to settle in cash, according to a company notice.

After the repurchase and conversion, the principal amount of the bonds left outstanding is $474.75 million.

ENN Energy is a Lanfang, China-based investment holding company that invests in, operates and manages gas pipeline infrastructure and sells and distributes gas.

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