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Suntech Power Holdings buys $150.4 million of its 0.25% convertibles for $129.9 million
By Devika Patel
Knoxville, Tenn., May 8 - Suntech Power Holdings Co. Ltd. said it bought back $150.4 million principal amount of its 0.25% convertible senior notes due 2012 for $129.9 million in the first quarter.
As of May 8, Suntech had $255.8 million of the notes outstanding.
The company said may make additional repurchases of the notes, depending on prevailing market conditions, liquidity requirements and other factors.
Suntech is a Wuxi, China-based maker of solar cells.
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