US glass container maker Owens-Illinois Inc. said it would redeem all its 11% senior debentures due 2003 that are outstanding as of 2 December 1999.
The redemption price will be 103% of the principal…
US glass container maker Owens-Illinois Inc. said it would redeem all its 11% senior debentures due 2003 that are outstanding as of 2 December 1999. The redemption price will be 103% of the principal amount plus accrued interest to the redemption date, according to the terms of the debentures, Owens-Illinois said. Holders have been sent a formal notice of the redemption from the Bank of New York, the trustee for the debentures.