Taiwan's Ritek buys back $12.995 million 0% convertibles

New York, Jan. 26 - Ritek Corp. said it bought back $12.995 million of its 0% convertible bonds due 2009.

The company paid 94.152% of par for the securities for a total of $12.235 million.

The Taiwanese optical disk, photonics and electronics company previously said on Jan. 20 that it bought back $19.55 million of its 0% convertible bonds at 94.505% of par, on Jan. 6 that it bought back $10.40 million of its 0.5% convertible bonds due 2007, on Jan. 3 that it bought back $35.06 million of the 0.5% convertibles at 120.444% of par, on Dec. 21 that it bought back $15.692 million of the 0.5% convertibles at 119.57% of par and on Dec. 3 that it bought back $10.29 million of the 0.5% convertibles at 119.324% of par.

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