Pharming Group Nv (PHAR) has released an update.
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Pharming Group N.V. has announced the launch of a new €100 million convertible bond offering due 2029, with an invitation to repurchase existing €125 million bonds due 2025. The new bonds will carry a 4.50% annual coupon and are set to be issued at a significant premium over the current share price. The company plans to use the proceeds to strengthen its financial position and support its business strategy in the coming years.
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