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CapitaCommercial buys back S$23.25 million more 2.7% convertibles
By Marisa Wong
Madison, Wis., June 24 – CapitaCommercial Trust repurchased an additional S$23.25 million of its 2.7% convertible bonds due 2015 for a total cash consideration of S$32.4 million, according to a company announcement.
On June 17 the company said it repurchased S$42 million of its 2.7% convertible bonds due 2015 for a total cash consideration of S$58.5 million.
The total cash consideration includes accrued interest.
Settlement of the latest buyback occurred on Tuesday.
Following the cancellation of the repurchased bonds, S$92.5 million principal amount remains outstanding.
CapitaCommercial issued S$225 million of the convertibles in April 2010.
The real estate investment trust is based in Singapore.
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