Lonrho Further Places $10 Million Of Convertible Bonds
October 11 2010 - 11:07AM
Dow Jones News
Lonrho PLC (LONR.LN), a firm operating in the agribusiness,
infrastructure, transport, support services, and hotel sectors in
Africa, said Monday it has successfully placed a further $10
million of additional bonds by the company's wholly-owned direct
subsidiary, LAH Jersey Limited.
MAIN FACTS:
-The issuance follows the notification on Oct. 8 confirming the
successful completion of the offering of $60 million Guaranteed
Convertible Bonds due 2015.
-The aggregate amount of all the Bonds now placed by Lonrho is
$70 million.
-The terms and conditions attaching to the Bonds remain the same
as announced by the company on Oct. 8.
-Shares at 1434 GMT down 0.25 pence or 1.89% at 13 pence.
-By Tapan Panchal, Dow Jones Newswires. Tel +44(0)207-842 9448,
tapan.panchal@dowjones.com
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