Pacific Basin holders may put $230 million 1.75% convertibles due 2016

By Susanna Moon

Chicago, Jan. 23 - Pacific Basin Shipping Ltd. said holders may put its $230 million 1.75% guaranteed convertible bonds due 2016.

The convertibles are putable at par plus accrued interest on April 14, according to a company press release.

In order to put their bonds, holders must notify the paying agent, Hongkong and Shanghai Banking Corp. Ltd., between Feb. 13 and March 15.

Pacific Basin Shipping is a dry bulk shipping company based in Hong Kong.

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