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Orexo repurchases SEK 40.5 million floating-rate bonds due 2021
By Wendy Van Sickle
Columbus, Ohio, March 25 – Orexo AB (publ.) has repurchased SEK 40.5 million, or 14%, of its senior floating-rate bonds due November 2021 (ISIN: SE0010494450), according to a press release.
The company made the repurchases through several purchases on the market at an average price of 97.26.
Of the original SEK 325 million bond issue, SEK 292.5 remains outstanding, including the repurchased bonds, which Orexo is holding.
The bonds have a floating coupon of Stibor plus 450 basis points.
Orexo is a specialty pharmaceutical company based in Uppsala, Sweden.
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