CFS Retail holders put A$198.6 million of convertible notes due 2014

By Marisa Wong

Madison, Wis., July 26 - Holders of A$198.6 million of CFS Retail Property Trust Group's outstanding convertible notes due Aug. 21, 2014 exercised their put options, according to an announcement by manager Colonial First State Property Retail Pty. Ltd.

The put bonds will be repurchased on Aug. 21, leaving A$92.3 million principal amount of the notes outstanding.

The buyback will be funded with existing debt facilities, the announcement said.

CFS Retail Property Trust is a real estate investment trust based in Sydney, Australia, that invests in shopping centers and retail outlet centers.

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