3i purchases more bonds for cancellation

19th Oct 2010 08:29

Private equity investor 3i has purchased more of its bonds in the market for cancellation.The group bought a total of £37.3m of 3i Group plc 3.625% Convertible Bond due 2011, leaving £167.5m of the bonds still out there in the market.The market purchases signal a return to the buy-back programme. The group was last active in buying back its bonds in June of this year.