Article: MAGNA ANNOUNCES CONVERTIBLE DEBENTURE OFFERING

MARKHAM, Ontario, Sept. 20 /PRNewswire/ -- Magna International Inc. (NYSE: MGA; TSE: MG.A., MG.B; ME: MG.A) today announced that it has filed with the Securities and Exchange Commission in the United States and the Ontario Securities Commission in Canada a preliminary short form prospectus under the Multijurisdictional Disclosure System for the issue of US $250 million of Convertible Debentures which will mature in 2002. The issue is being underwritten by a syndicate managed by Prudential Securities Incorporated and Schroder Wertheim & Co. Incorporated. The underwriters will have an option to purchase up to US $37.5 million additional principal amount of Convertible Debentures to ...

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