BRIEF-IBI Group announces redemption of 7.0% convertible unsecured subordinated debentures

Thu Sep 29, 2016 5:18pm EDT
 
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Sept 29 (Reuters) - Ibi Group Inc

* IBI Group Inc announces redemption of 7.0% convertible unsecured subordinated debentures due June 30, 2019 and having a conversion price of $5.00 per common share

* Debentures will be redeemed on October 31, 2016

* IBI Group Inc says debentures will be redeemed on October 31, 2016

* Will redeem aggregate principal amount of $31 million of outstanding 7.0% convertible unsecured subordinated debentures due June 30, 2019 Source text for Eikon: Further company coverage: