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. Last Updated: 07/27/2016

RenCap Swaps Bonds

Renaissance Capital said Friday that it had swapped $100 million worth of bonds maturing in 2009 for new notes maturing in 2011.

The issue’s term sheet showed Renaissance Capital issued $225 million in new two-year notes, inviting the holders of earlier notes to swap their holdings. Renaissance said it will sell the remainder for cash.

(Reuters)