Premier Oil bond holders jump at trade-in offer

Energy firm Premier Oil's trade-in offer for its convertible bonds due 2014 has met with a very strong response.

Energy firm Premier Oil's trade-in offer for its convertible bonds due 2014 has met with a very strong response.

Holders representing 98.13% of the $250m of guaranteed convertible bonds due 2014 have elected to exchange their existing bonds for guaranteed convertible bonds due 2018.

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