| Add to balance / Manage account | User: | Log out |
| Prospect News home > News index > List of issuers T > Headlines for Tenders 2005 > News item |
O&Y Properties calls C$90.488 million 5.90% convertibles
By Caroline Salls
Pittsburgh, March 8 - O&Y Properties Corp. said it will redeem its C$90.488 million of 5.90% convertible unsecured subordinated debentures due June 30, 2008 on April 7 at par plus accrued interest.
Holders can elect to convert their debentures into shares of the company's common stock at a rate of C$11.50 per share until April 6.
O&Y Properties is a Toronto-based commercial real estate company focused on the ownership, management and development of office buildings.
The company's stock closed at C$12.74 Tuesday.
© 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.