Old Mutual to redeem all convertibles for cash after no holders convert

New York, April 28 - Old Mutual plc said it will redeem all its $636.286 million of outstanding 3.625% guaranteed convertible bonds issued by Old Mutual Finance (Cayman Islands) Ltd. for cash on May 3 after no holders chose to convert the securities to stock.

The London-based financial services company will pay par for the convertibles.

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