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International Tankers and Gas Finance

TEN moves to redeem $50m of preferred shares

The tanker owner wants to reduce debt. It has been paying a coupon of 8.875% on preferred shares, with their dividends payout topping $9.4m in the second quarter

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The Series C preferred shares will be redeemed at a par price of $25 per share

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This copy is for your personal, non-commercial use. For high-quality copies or electronic reprints for distribution to colleagues or customers, please call UK support at +44 (0)20 3377 3996 / APAC support at +65 6508 2430

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