Immofinanz has bought back around €465.2 million worth of convertible bonds, Bloomberg reports. The European property group repurchased €454.7 million of its outstanding convertible bond due January 2014. The Vienna-based company also bought back €10.5 million of its securities due November 2017. Immofinanz funded the buyback by raising €515 million in a sale of bonds due March 2018 last week.
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