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Otto sets redemption price for 2½% notes due 2023 at 105.619
By Marisa Wong
Los Angeles, Aug. 3 – Otto GmbH & Co. KG set the redemption price for its €250 million 2½% notes due June 16, 2023 (ISIN: XS1433512891) at €1,056.19 per €1,000 principal amount, according to a notice.
The redemption price includes accrued interest to the redemption date of €3.70 per €1,000 principal amount.
As previously announced, the notes will be redeemed in full on Aug. 9.
The mail order and e-commerce company is based in Hamburg, Germany.
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