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Taiwan's Ritek buys back $12.78 million 0.5% convertibles
New York, May 11 - Ritek Corp. said it bought back $12.78 million of its 0.5% convertible bonds due 2007.
The Taiwanese optical disk, photonics and electronics company paid 121.775% of par for the securities for a total of $15.563 million.
Following the buyback, Ritek has repurchased $48.63 million of the original $175 million of the convertibles.
Ritek said on May 5 it bought back $8.85 million of its 0.5% convertible bonds due 2007 at 121.802% of par for a total of $10.779 million.
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