Bunge to redeem all 7.44% senior guaranteed notes, 7.8% senior notes

By Marisa Wong

Milwaukee, June 4 - Bunge Ltd. Finance Corp. plans to redeem its $351 million outstanding 7.44% senior guaranteed notes, series C, due Sept. 30, 2012 in full on July 1 and all of its $200 million outstanding 7.8% senior notes due 2012 on July 14, according to an 8-K filed with the Securities and Exchange Commission.

The 7.44% senior guaranteed notes and the 7.8% senior notes will be redeemed at par plus accrued interest up to the redemption date.

Bunge estimates that it will pay holders of the senior guaranteed notes $403 million and holders of the senior notes $229 million in connection with the redemptions.

The Bank of New York Mellon is the trustee.

Bunge Ltd. Finance is a wholly owned subsidiary of Bunge Ltd., a Bermudan food company based in White Plains, N.Y.

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