ALCOA <AA> TO BUY BACK 12 PCT DEBENTURES
Aluminum Co of America said it is
offering to purchase any and all of its outstanding 150 mln
dlrs of 12 pct sinking fund debentures of 2012.
    It said it will buy back the debentures at 1,105 dlrs per
1,000 dlr principal amount, plus accrued interest up to, but
not including, the day of payment.
    The offer will end at 1700 EDT (2100 GMT) on June 30,
unless extended. Payment will be made on July eight. The
buyback offer will be co-managed by Merrill Lynch Capital
Markets and Salomon Brothers Inc, Alcoa said.
 Reuter
