Fairfax buys back A$32m of 2011 bonds at 84 cents

SYDNEY, May 27 (Reuters) - Australian newspaper publisher
Fairfax Media Ltd (FXJ.AX) has bought back A$32 million ($25
million) of a bond issue of A$200 million maturing in 2011, it
said on Wednesday.

Fairfax paid 84 cents to the dollar for the securities or a
gross capital price of 86.848 cents, including 2.848 cents in
accrued interest.

Initial pricing started at 81 cents, according to an
investor who participated in the buyback.

The buyback settled on May 27.

(Reporting by Cecile Lefort; Editing by Mark Bendeich)