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CSX says zero-coupon convertibles are putable; yield to maturity reset
By Susanna Moon
Chicago, Sept. 23 - CSX Corp.'s zero-coupon convertible debentures due Oct. 30, 2021 are putable at $945.12 per $1,000 principal amount on Oct. 30, according to a company press release.
Holders may deliver their put notices until midnight ET on Oct. 24. They may be withdrawn until 5 p.m. ET on Oct. 27.
CSX also said the yield to maturity of the convertibles will be reset to 1% per year on Oct. 30.
Bank of New York Mellon Trust Co., NA is the trustee.
CSX is a railroad and transportation company based in Jacksonville, Fla.
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