Hotel Leelaventure buys back $1.3 million 0%, €2.95 million 1% convertibles

By Devika Patel

Knoxville, Tenn., March 4 - Hotel Leelaventure Ltd. informed the Bombay and Singapore stock exchanges that it bought back $1.3 million of its 0% convertible bonds due 2012 and €2.95 million of its 1% euro convertible bonds due 2010.

There are $68.7 million in zero-coupon bonds and €40.2 million in 1% bonds remaining outstanding after this repurchase.

Hotel Leelaventure is a Mumbai, India-based owner of luxury hotels and resorts.

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