Orpar calls 0% bonds due 2019 exchangeable for Remy Cointreau

New York, July 7 – Orpar announced the exercise of the clean-up call for the remaining €700,000 of its €170 million of zero-coupon bonds due 2019 exchangeable for Remy Cointreau ordinary shares.

The exchangeables will be repaid on Sept. 5 at a price to give a yield to maturity of 0.5%, or €1,304.63 per €1,000 principal amount, according to a notice.

Exercise of the call follows an offer to repurchase the bonds through a reverse bookbuilding.

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

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