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Prospect News home > News index > List of issuers O > Headlines for Orpar SA > News item
Published on 2/14/2024 in the Prospect News Convertibles Daily and Prospect News Liability Management Daily.

Orpar repurchases, cancels nearly all 0% exchangeables due 2024

By William Gullotti

Buffalo, N.Y., Feb. 14 – Orpar repurchased 99.75% of its €200 million 0% bonds due 2024 (ISIN: FR0013246147) issued by Orpar and exchangeable for Remy Cointreau, according to a notice on Wednesday.

The company intends to cancel all 1,995 of the repurchased bonds after the transactions settle, leaving five bonds outstanding.

Orpar is an investment management firm based in Paris. Remy Cointreau is a Cognac, France-based manufacturer of alcoholic drinks.


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