Glenmark redeems bonds totaling US$75 million principal amount

On April 7, 2022, Glenmark Pharmaceuticals repurchased an aggregate principal amount of $75,000,000 of the $200,000,000 of 2.00% Resettable Equity Linked Securities due 2022 (ISIN: XS1426780125; Common Code: 142678012) (Bonds) (Redemption).

The Repurchase was effected by way of market purchases via The Hongkong and Shanghai Banking Corporation.

The Bonds are listed on the Singapore Exchange Securities Trading.

Settlement and cancellation of the redeemed Bonds was completed on April 7, 2022. Following cancellation, the outstanding principal amount of the Bonds will be USD 750,000.

Powered by Capital Market – Live News

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

Dear reader,

Business Standard has always endeavored to provide up-to-date information and commentary on developments that matter to you and that have wider political and economic implications for the country and the world. Your constant encouragement and feedback on how to improve our offering has only strengthened our resolve and commitment to these ideals. Even in these challenging times stemming from Covid-19, we remain committed to keeping you informed and updated with credible news, authoritative opinions and incisive commentary on relevant topical issues.
However, we have a request.

As we battle the economic impact of the pandemic, we need your support even more so that we can continue to bring you more great content. Our subscription model has received an encouraging response from many of you who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of bringing you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practice the journalism we are committed to.

Support quality journalism and subscribe to Business Standard.

digital editor

Comments are closed.