Saskatchewan Wheat Pool redeems all C$150 million 12% notes

By Jennifer Chiou

New York, May 5 - Saskatchewan Wheat Pool Inc. announced the redemption of its C$150 million of 12% senior subordinated notes due Nov. 29, 2008.

The total redemption with premium and accrued interest is C$153.345 million.

The company used the proceeds of a C$100 million offering of 8% senior unsecured notes, a C$50.25 million share offering and working capital for the redemption.

The Regina, Saskatchewan-based company operates a grain handling and agricultural marketing network.

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