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Italian-Thai Development buys $37.7 million in 4.5% convertible bonds
By Devika Patel
Knoxville, Tenn., June 29 - Italian-Thai Development PCL said it repurchased $37.7 million of its $150 million in 4.5% convertible bonds due 2013 on June 24.
The bonds were issued in June 2008. There are $112.3 million of the notes remaining outstanding.
Italian-Thai Development, based in Bangkok, is an infrastructure construction and civil engineering contracting company.
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