Espirito Santo buys back €12.3 million 4.75% convertibles due 2006

By Jennifer Chiou

New York, Nov. 22 - Espirito Santo Financial Group SA said it has repurchased €12.268 million of its 4.75% convertible bonds due 2006 since Nov. 16.

The convertibles, which will be cancelled, were purchased through a financial intermediary.

The company said that after the repurchase, which represented 6.13% of the original principal amount of bonds, €53.378 million of the convertibles remains outstanding.

Espirito Santo Financial Group is an integrated financial services group and the Kirchberg, Luxembourg-based investment vehicle for the financial interests of the Espirito Santo Group.

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