Brilliance China redeems, cancels remaining 0% convertibles after put

By Jennifer Chiou

New York, July 9 - Brilliance China Automotive Holdings Ltd. said it redeemed the remaining $1,321,000 of its zero-coupon guaranteed convertible bonds due 2011 and canceled those securities on Wednesday.

The company had redeemed $125,032,000 of the bonds at the option of bondholders on June 7, paying 122.926% of par.

Brilliance China Finance Ltd., formerly known as Goldcosmos Investments Ltd. and a wholly owned subsidiary of the company, priced $182,678,000 of the convertibles on May 5, 2006.

Brilliance China Automotive is a Hong Kong-based maker of minibuses and automotive components for sale in China.

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