Unibail-Rodamco announces redemption of all 3.5% convertibles due 2015

By Ashley Montgomery

Kansas City, Kan., Nov. 16 - Unibail-Rodamco will redeem all of its remaining 3.5% convertible bonds due Jan. 1, 2015, which were issued in the Ornanes structure, according to a news release.

The bonds will be redeemed on Jan. 1 at par, which is €146.36 each.

The bonds, which are convertible into new or existing shares of the company, were originally issued in the amount of €575 million on April 21, 2009.

Holders may convert their bonds prior to the redemption.

The company is a Paris-based real estate investment trust.

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