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Prospect News home > News index > List of issuers T > Headlines for Tenders 2008 > News item
Published on 10/31/2008 in the Prospect News Convertibles Daily.

IOI Resources repurchases $10 million of its 0% exchangeables due 2013

By Devika Patel

Knoxville, Tenn., Oct. 31 - IOI Resources Ltd. Bhd. announced it has repurchased $10 million of its zero-coupon exchangeable bonds due 2013 on Oct. 31.

The company paid about $47.4 million in cash for the notes, excluding accrued interest.

Following these repurchases, the company has $590 million of the bonds outstanding.

IOI Resources is a Putrajaya, Malaysia-based palm oil producer.


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