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Prospect News home > News index > List of issuers T > Headlines for Tenders 2008 > News item |
STATS ChipPAC buys back $2.5 million zero-coupon convertibles
By Devika Patel
Knoxville, Tenn., Feb. 11 - STATS ChipPAC Ltd. announced it redeemed $2.5 million of its $6.2 million outstanding zero-coupon convertible notes due 2008.
The notes were bought back for $2.9 million. After the redemption, $3.7 million of the notes remain outstanding, which is about 3.2% of the original $115 million issue.
STATS ChipPAC is a Singapore-based provider of semiconductor packaging design, assembly, test and distribution products.
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