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Orexo officially calls remaining floaters due 2025 after tender offer
Chicago, April 2 – Orexo AB is officially calling its remaining senior callable floating-rate bonds due February 2025 (ISIN: SE0015193958), according to a press release.
The company previously issued a conditional notice of redemption, based on the settlement of a new issue of senior secured social bonds with a four-year tenor. That condition has now been fulfilled.
The redemption date will be April 11.
The bonds will be redeemed at a purchase price of 100.75 plus accrued interest, similar to the amount offered under a tender offer for the series that settled on March 28.
Orexo is a pharmaceutical company based in Uppsala, Sweden.
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