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Oriola-KD announces full redemption of 40 million hybrid bond
By Tali Rackner
Norfolk, Va., March 18 Oriola-KD Corp. plans to fully redeem its 40 million hybrid bond issued on Feb. 20, 2014, according to a notice.
The redemption date is April 20.
According to the terms and conditions of the hybrid, it can be redeemed in whole if Oriola-KD issues equity instruments at an amount at least equal to the outstanding amount of the hybrid. Oriola-KDs 75.6 million rights offering in early March 2015 enables the redemption, the notice stated.
The Espoo, Finland, company is a pharmaceutical retail and wholesale company in Finland, Sweden and Russia.
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