China Medical buys back $105.9 million 3.5% convertibles due 2011

By Melissa Kory

Cleveland, Dec. 6 - China Medical Technologies, Inc. repurchased $105.9 million of its 3.5% convertible senior notes due Nov. 15, 2011, using proceeds from its offering of $150 million of 6.25% convertible senior notes due Dec. 15, 2016.

After the repurchase, $29.1 million of the convertibles remain outstanding.

Beijing-based China Medical is a medical device maker.

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