BRIEF-IBI Group announces $35 million bought deal financing
Aug 25 (Reuters) - IBI Group Inc :
* IBI Group Inc. Announces $35 million bought deal financing
* Debentures will bear interest from date of closing at 5.50% per annum
* Net proceeds of offering will be used to fund partial redemption of company's 6.0% convertible debentures maturing on June 30, 2018
* Debentures will have a maturity date of December 31, 2021
* Will issue on "bought deal" basis $35 million amount of convertible subordinated debentures for $1,000 per principal amount of debentures Source text for Eikon: Further company coverage:
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