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Idavang repurchases €4.1 million of bonds at average price of 89.9
By Sarah Lizee
Olympia, Wash., March 25 – Idavang has repurchased €4.1 million bonds since Dec. 31, according to a press release.
The average price was 89.9.
In total, Idavang has repurchased €5.3 million, or 6.3%, of the issue.
Idavang said it will continue to repurchase bonds for most of the surplus liquidity from operations to lower leverage.
Idavang is a pork provider and serves customers in the Demark, Lithuania and Russia.
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