STMicroelectronics buys back $186 million convertibles

New York, May 21 - STMicroelectronics said it has bought back $186 million principal amount of its zero-coupon convertible bonds due 2010.

The Geneva chipmaker said it paid $148.112 million for the securities.

STMicroelectronics bought the convertibles in off-market transactions after the close on May 19 at a price of $796.30 per $1,000 principal amount.

So far STMicroelectronics has bought back 86.65% of the outstanding issue.

??

??

??

??

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.