Macquarie Communications repurchases A$3 million more 2.5% exchangeables

By Jennifer Chiou

New York, Nov. 21 - Macquarie Communications Infrastructure Group said it repurchased A$3 million more of its 2.5% guaranteed exchangeable bonds due 2012 at a cost of A$2.7 million.

The company purchased the bonds at a price of 89.

The repurchased bonds will be canceled.

Between Sept. 2 and Oct. 28, the company said it bought back A$31 million of the bonds at prices between 76 and 79.5, with a weighted-average price of 78.

The company noted that it may make more buybacks.

Macquarie Communications is a Sydney, Australia-based infrastructure fund run by Macquarie Bank.

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