Delta will redeem 3.23% convertible subordinated notes
Delta said yesterday it will redeem all $800 million of its 3.23% convertible subordinated notes due June 15, 2003. Redemption will be at 78.23% of the principal amount at stated maturity of each note, plus accrued and unpaid interest to the redemption date. The payout will be made June 17. The...
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