March 25, 2020 / 8:05 PM / 4 days ago

BRIEF-Orexo Says Co Repurchased 14 Percent Of Own Corporate Bonds

March 25 (Reuters) - Orexo AB:

* OREXO HAS REPURCHASED 14 PERCENT OF OWN CORPORATE BONDS

* UNSECURED CORPORATE BONDS HAVE A FLOATING RATE CORRESPONDING TO STIBOR 3M PLUS 4.50 PERCENT AND ARE DUE IN NOVEMBER 2021

* PURPOSE OF REPURCHASE IS TO OPTIMIZE CO’S CAPITAL STRUCTURE, ENSURE A GOOD PLACEMENT OF LIQUID FUNDS, LEVERAGE CURRENT STRONG U.S. DOLLAR

* REPURCHASED 14 PERCENT OF ITS OUTSTANDING UNSECURED CORPORATE BONDS WITH NOMINAL VALUE OF SEK 40,500,000 THROUGH SEVERAL PURCHASES ON MARKET Source text for Eikon: Further company coverage:

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