Octagon redeems all €303 million series 2003-4 floaters due 2045

By Toni Weeks

San Diego, Sept. 14 - Octagon Ltd. fully redeemed its €303 million of series 2003-4 floating-rate/zero-coupon additional payment amount secured notes due 2045, according to a company filing with the Irish Stock Exchange.

The notes, which constitute a portion of Octagon's asset-backed medium-term note program, were redeemed on Sept. 13.

The issuer is based in Grand Cayman, Cayman Islands, which is also the location of its business manager, Maples Finance Ltd.

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