Ahold buys back €110 million equivalent of 5 7/8% bonds, notes

By Jennifer Chiou

New York, April 11 - Koninklijke Ahold NV said it repurchased a total of €110 million equivalent of its 5 7/8% notes and bonds as part of its debt reduction strategy.

Affected securities include €94 million, or 8.9%, of Ahold's 5 7/8% seven-year notes due May 9, 2008 and NLG 35 million, or 11.6%, of the 5 7/8% 10-year bonds due Dec. 19, 2007.

The company added that repurchased securities will be canceled.

Ahold is an Amsterdam, Netherlands-based company in the retail trade and foodservice businesses.

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