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Golden Agri-Resources buys back some 2.5% convertible bonds due 2017
By Marisa Wong
Madison, Wis., July 7 – Golden Agri-Resources Ltd. announced it repurchased $13 million principal amount of its 2.5% convertible bonds due 2017 in the open market.
The company purchased the bonds for $12.98 million, including accrued interest.
Following settlement of the repurchased bonds on Tuesday, the outstanding principal amount of the bonds has been reduced to $382.6 million.
The Singapore-based palm oil plantation company priced $400 million of the 2.5% convertibles in September 2012.
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