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Published on 4/27/2005 in the Prospect News Convertibles Daily and Prospect News Emerging Markets Daily.

Taiwan's Gigastorage buys back $4 million convertibles

New York, April 27 - Gigastorage Corp. said it bought back $4 million of its $30 million zero-coupon convertible bonds due 2007.

The company paid 98% of par for the securities for a total of $3.92 million.

Gigastorage is a Hsinchu, Taiwan-based maker of optical storage media and devices.


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