Taiwan's Sinbon buys back $8.2 million convertibles

New York, June 8 - Sinbon Electronics Co. Ltd. said it bought back $8.2 million principal amount of its euro convertible bond.

The Miaoli, Taiwan, maker of cable assemblies and connectors paid 107.54% of par for the securities.

Following the repurchase, Sinbon has $35.05 million of the convertibles outstanding.

Sinbon said the buyback was more advantageous to the company than waiting for the upcoming put on July 17.

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