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Non-Tech : Convertible Bonds
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To: Jorj X Mckie who wrote (21)10/19/2002 2:57:15 PM
From: Rocky9  Read Replies (1) of 83
 
"do corporations ever buy their own bonds back on the open market?"

Sure. ANAD and TQNT have announced that they have done that. ICGE has also done it in the past. SEPR has done in it "privately negotiated" transactions - I don't know exactly what they mean, but I assume that SEPR bought from brokers and mutual funds directly. ICGE tried to buy a lot of bonds in a "Dutch auction" format, but got very few bonds tendered. Other companies have bought in a general tender for the bonds.
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