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Italian-Thai Development buys back $6 million 4.5% convertibles
By Devika Patel
Knoxville, Tenn., May 17 - Italian-Thai Development PCL reported that it repurchased and cancelled $6 million, or 6.12%, of its $150 million in issued 4.5% convertible bonds due 2013.
The bonds were issued in June 2008. There is now $92.1 million of the notes outstanding.
Italian-Thai Development, based in Bangkok, is an infrastructure construction and civil engineering contracting company.
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