Sosei Group issues clean-up call notice for last of 0.5% convertibles

By Mary-Katherine Stinson

Lexington, Ky., Aug. 19 – Sosei Group Corp. has issued a redemption notice for the final ¥250 million of its original ¥16 billion 0.5% convertible bonds due 2025 (ISIN: XS2198851219), according to a notice.

There are currently less than 10% of the bonds outstanding.

The bonds will be redeemed Sept. 21.

The redemption amount will be par together with ¥9,178 per bond of interest.

As a result of the sale the bonds will be canceled and delisted from the Singapore Exchange Securities Trading Ltd.

The biopharmaceutical group is based in Tokyo and has research facilities in Cambridge, U.K.

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