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Sosei buys back ¥29.85 billion of 0.25% convertible bonds due 2026
By Marisa Wong
Los Angeles, Dec. 15 – Sosei Group Corp. repurchased ¥29.85 billion of its 0.25% convertible bonds due 2026 (ISIN: XS2363140810) as of Dec. 14, according to a company announcement.
The repurchased bonds will be canceled.
As of Dec. 15, ¥150 million of the principal amount remains outstanding.
In a previous announcement, the company said it would repurchase any and all of the bonds. The buyback was to occur concurrently with the company’s issuance of ¥32 billion of 0.25% convertible bonds due 2028.
The biopharmaceutical group is based in Tokyo and has research facilities in Cambridge, England. Its corporate brand and trademark is Sosei Heptares.
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