Taiwan's Ritek buys back $21 million 0% convertibles

New York, Dec. 22 - Ritek Corp. said it bought back $21 million of its 0% convertible bonds due 2009.

The company paid 98.5% of par for the securities for a total of $20.685 million.

The Taiwanese optical disk, photonics and electronics company previously said on Dec. 21 that it bought back $11.4 million of its 0% convertibles at 97.665% of par, on Oct. 19 that it bought back $29 million of its 0% convertibles at 96.5597% of par, on March 23, 2005 that it bought back $15.65 million of its 0% convertibles at 94.287% of par, on Feb. 16, 2005 that it bought back $10.6 million of its 0% convertibles at 94.026% of par, on Feb. 3, 2005 that it bought back $6.4 million of its 0.5% convertible bonds due 2007 at 119.34% of par and on Jan. 26, 2005 that it bought back $12.995 million of its 0% convertible bonds at 94.152% of par.

The company also previously said on Jan. 20, 2005 that it bought back $19.55 million of its 0% convertible bonds at 94.505% of par, on Jan. 6, 2005 that it bought back $10.40 million of its 0.5% convertible bonds, on Jan. 3, 2005 that it bought back $35.06 million of the 0.5% convertibles at 120.444% of par, on Dec. 21, 2004 that it bought back $15.692 million of the 0.5% convertibles at 119.57% of par and on Dec. 3, 2004 that it bought back $10.29 million of the 0.5% convertibles at 119.324% of par.

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