May 16, 2017 / 6:24 PM / 2 months ago

BRIEF-Azimut says to redeem outstanding 2020 subordinated convertible bonds

1 Min Read

May 16 (Reuters) - Azimut Holding says:

* will exercise option to redeem all outstanding subordinated convertible bonds due 2020 on May 19

* the outstanding bonds will be redeemed at the late purchase price plus accrued interest

* following initial offer, company purchased an aggregate nominal amount of around 99 percent of the 2020 subordinated convertible bonds issued (Reporting by Milan newsroom)

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