New York, Feb. 17 - Aberdeen Asset Management plc priced £26.57 million of 4.5% five-year senior unsubordinated convertible bonds with a 20% initial conversion premium.
J.P. Morgan Securities Ltd. was bookrunner for the Regulation S deal, and BNP Paribas was joint lead manager.
Proceeds will be used to repay £17.5 million of borrowings under the company's working capital facility and to partially repay the £66 million outstanding term loan.
Aberdeen Asset Management is an Aberdeen, Scotland-based investment company.
| Issuer: | Aberdeen Asset Management plc
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| Issue: | Senior unsubordinated convertible bonds
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| Amount: | £26.57 million
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| Maturity: | March 10, 2010
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| Coupon: | 4.5%
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| Conversion premium: | 20%
|
| Conversion price: | 150p
|
| Pricing date: | Feb. 16, after close
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| Settlement date: | March 10
|
| Bookrunner: | J.P. Morgan Securities Ltd.
|
| Distribution: | Regulation S
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