Hong Kong's Pacific Andes buys back $5.5 million more of its 4% convertibles due 2012

By Jennifer Chiou

New York, April 16 - Pacific Andes (Holdings) Ltd. announced the repurchase of another $5.5 million, or about 5.9%, of its 4% convertible bonds due April 18, 2012.

On March 18, the company bought back $4 million of its original $93 million of convertibles.

Hong Kong's Pacific Andes provides a range of at-sea transportation and logistical services to fishing companies and also operates fishing fleets and fishmeal processing facilities in the Pacific Ocean region.

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