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Orexo to redeem SEK 342 million floating-rate bonds due 2018 at 101
By Sarah Lizee
Olympia, Wash., Oct. 27 – Orexo AB (publ.) intends to redeem its outstanding SEK 342 million of senior unsecured callable floating-rate bonds due 2018, according to a press release.
The bonds will be redeemed on Nov. 22 at 101% of par plus accrued interest up to and including the redemption date.
The redemption is subject to the completion of a new bond issue of SEK 300 million prior to Nov. 15.
Orexo is a specialty pharmaceutical company based in Uppsala, Sweden.
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