Idavang repurchases €3.5 million of bonds at average price of 98.2

By Rebecca Melvin

New York, June 23 – Idavang has repurchased €3.5 million of bonds since March and €7.6 million of bonds since Dec. 31, according to a press release.

The average price per bond in the latest period was 98.20.

In total, Idavang has repurchased €8.8 million, or 10.4%, of the issue.

Idavang said it will continue to repurchase bonds with 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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