Bermuda-based Seadrill Ltd. has announced that the holders of approximately $340,000,000 of its convertible bonds due in 2012 and approximately $400,000,000 in convertible bonds due 2014 have submitted their acceptances of the voluntary conversion offers.That is according to a report in the BYM Marine & Maritime News, which reveals Seadrill has reiterated that the maximum offering amount in principal amount for the convertible bonds due in 2012 is $250,000,000 and will not be increased. A pro-rata basis scale back will be applied for accepting bondholders that participate in the conversion offer.The report said that bondholders in Seadrill’s convertible bonds due in 2014 are reminded about the “90 percent clean-up call” as described in the loan agreement gives the company the right to call the remaining part of the bonds at par value plus accrued interest provided that 90 percent or more of the original issued amount of $500,000,000 have been redeemed or converted into shares.The acceptance period for the offering period closed on Friday.ABG Sundal Collier Norge ASA, Credit Suisse Securities (Europe) Ltd. and Deutsche Bank AG, London Branch have been engaged by Seadrill as managers for the incentive offers.