Pharmaceutical company Elan has bought back bonds worth just under $800m, which were surrendered by bond holders by last night's deadline.
Elan paid around $493m for the Liquid Yield Options Notes (LYONs). This leaves around $1.6m of LYONs outstanding.
The purchase price was $616.57 in cash per $1,000 at maturity. The bonds were due to mature in 2018.
