Espirito Santo buys back €5.524 million 4.75% convertibles due 2006

By Jennifer Chiou

New York, March 6 - Espirito Santo Financial Group SA said it repurchased €5.524 million of its 4.75% convertible bonds due 2006 since Dec. 23.

The company said that after the repurchase, which represented 2.76% of the original principal amount of bonds, €32.869 million of the convertibles remains outstanding.

On Nov. 22, the company announced it had bought back €12.268 million of the notes since Nov. 16.

Espirito Santo Financial Group is an integrated financial services group and the Kirchberg, Luxembourg-based investment vehicle for the financial interests of the Espirito Santo Group.

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