Rei Agro calls all outstanding foreign currency convertible bonds

By Laura Lutz

Des Moines, April 17 - Rei Agro Ltd. announced that its board has decided to exercise the mandatory conversion option for the company's $9.04 million of outstanding foreign currency convertible bonds.

The bonds were issued on June 30, 2005.

The board approved the mandatory conversion at a meeting on April 16.

Rei Agro is a basmati rice processing company based in New Delhi.

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