Nasdaq OMX bought back $23 million 2.5% convertibles in second quarter

By Jennifer Chiou

New York, Aug. 7 - Nasdaq OMX Group, Inc. bought back $23 million of its 2.5% convertible senior notes due 2013 for $20 million in the second quarter, according to a 10-Q filed Friday with the Securities and Exchange Commission.

The company also repurchased $24 million of the notes for $20 million in the first quarter.

The notes were bought back for cash, and the company saw a pre-tax gain of $4 million from these repurchases.

As of June 30, $428 million of the notes remains outstanding.

Based in New York, Nasdaq OMX is a holding company operating Nasdaq Stock Market LLC as its wholly owned subsidiary.

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