Taiwan Glass buys back $32 million of 0% convertibles due 2014

By Marisa Wong

Madison, Wis., Nov. 22 - Taiwan Glass Industry Corp. repurchased and cancelled $32 million of its zero-coupon overseas convertible bonds due 2014, according to a Taiwan Stock Exchange notice.

Following the transaction on Friday, $268 million principal amount of the first issue bonds remains outstanding.

The glass company is based in Taipei, Taiwan.

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