New Issue-CSK Auto sells $110 mln in convertibles

Newswire

WHITE PLAINS, N.Y., July 26 (Reuters) - CSK Auto Corp. , the parent company of the automotive parts and accessories retailer, late Monday sold $110 million of 20-year convertible senior bonds in the 144a private placement market, market sources said on Tuesday. The securities were sold with a coupon of 3.375 percent and at a premium of 30 percent above Monday's $17.76 closing price on the New York Stock Exchange. J.P. Morgan was the sole book-running manager for the sale, the sources ...

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