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Published on 7/30/2009 in the Prospect News Convertibles Daily.

PDL BioPharma buys $55 million 2% convertibles, 2.75% convertibles

By Devika Patel

Knoxville, Tenn., July 30 - PDL BioPharma, Inc. said it bought back $55 million of its 2% convertible notes due in 2012 and its 2.75% convertible senior notes due 2023 in open market purchases.

PDL is a Wilmington, N.C., pharmaceutical company.


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