Amadeusz Juskowiak

Painewebber group pwj to redeem debentures

Painewebber Group Inc said it will redeem all its outstanding 814 pct convertible subordinated debentures due 2008

It said it will redeem all the debentures for 106050 dlrs plus accrued interest to the redemption date of March 30 The notes can be converted into common stock at a price of 4235 dlrs per share