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Published on 8/14/2008 in the Prospect News Emerging Markets Daily.

Banyan Tree gets puts for S$32.75 million 5.5% notes

New York, Aug. 14 - Banyan Tree Holdings Ltd. said that holders exercised the put option for S$32.75 million of its S$60 million outstanding 5.5% fixed-rate notes.

The notes were redeemed on Aug. 13.

Banyan Tree is a Singapore-based manager and developer of premium resorts, hotels and spas in the Asia Pacific.


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