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ZetaDisplay to redeem SEK 300 million floaters due 2023
By William Gullotti
Buffalo, N.Y., Feb. 1 – ZetaDisplay AB issued a conditional notice of redemption for its SEK 300 million senior unsecured bonds due March 2023 (ISIN: SE0013109568), according to a notice included with a press release on Wednesday.
The bonds will be redeemed Feb. 27 at par plus accrued and unpaid interest.
The redemption is conditioned upon the settlement of ZetaDisplay’s new SEK 300 million issue of senior secured bonds that were announced in the press release itself. The company will notify bondholders on or before Feb. 20 of the satisfaction or waiver of this condition.
ZetaDisplay, based in Stockholm, is a supplier of digital signage to large retail chains.
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