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BRIEF-Subsea 7 says $600 mln bond conversion price is $30.10
September 27, 2012 / 12:40 PM / 5 years ago

BRIEF-Subsea 7 says $600 mln bond conversion price is $30.10

OSLO, Sept 27 (Reuters) - Subsea 7 : * Says announces the pricing for its convertible bond offering * Says announces the successful placement of convertible bonds in an aggregate

principal amount of US$600M due 2017 * Says principal amount of the bonds of US$600M may be increased up to US$700M

in case the over-allotment * Says the senior and unsecured bonds will have an annual coupon of 1.0%

payable semi-annually in arrear, and an initial conversion price of US$30.10 * Says conversion price represents a conversion premium of 30% above the reference price of US$23.15 (Reporting by Oslo newsroom)

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