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Prospect News home > News index > List of issuers T > Headlines for Tenders 2009 > News item |
Washington Real Estate repurchases $48.6 million in 3.875% convertibles for $40 million
By Devika Patel
Knoxville, Tenn., April 28 - Washington Real Estate Investment Trust said it bought back $48.6 million of its 3.875% convertible notes in the first quarter for approximately $40 million.
The company repurchased the notes at discount prices ranging from 80 to 84.
Washington is a Rockville, Md.-based REIT that owns, operates and develops properties in the Washington and Baltimore region.
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