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Biotech / Medical : Sepracor-Looks very promising -- Ignore unavailable to you. Want to Upgrade?

To: Harold Engstrom who wrote (6925)	6/3/2003 9:36:55 AM
From: Icebrg	Read Replies (1) \| Respond to of 10280

Harold >> What are the current yields on this debt? If the yields are high (20%-25%) like they were a few months ago, then presumably the debt can be bought back at a significant discount.>> I don't know. I don't follow the debt very closely. There were some comments recently at the convertible bond's board. Message 18992007 One thing to keep in mind is that the quoted prices may not be representative for what one would have to pay if larger portions of outstanding debt are to be repurchased. The debt markets are not very liquid and some if not most of the bondholders might have been more than happy to hold the debt until maturity. Now, they cannot do so. Erik