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SVG Capital purchases £3.85 million of 8.25% convertibles due 2016
By Tali Rackner
Norfolk, Va., April 15 – SVG Capital plc purchased and canceled £3.85 million, or 7.57%, of its outstanding 8.25% convertible bonds due 2016, according to a filing with the London Stock Exchange.
Following the transaction, £47 million of the original £120 million bonds will remain outstanding.
SVG is a private equity investor and fund management business based in London.
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