STMicroelectronics calls remaining zero-coupon bonds

Pittsburgh, June 8 - STMicroelectronics will redeem all of its remaining zero-coupon senior convertible bonds due 2010 on July 9 at a price of $789.76 per $1,000 principal amount.

The bonds can be converted until the close of business on the redemption date. The current conversion rate is 9.320.

To date, ST has repurchased $1.98 billion of the bonds, or 92% of the bonds issued.

The Geneva-based company develops and delivers semiconductor solutions for microelectronics applications.

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