Glenmark repurchases bonds aggregating principal amount of US$ 75 million
On 7 April 2022, Glenmark Pharmaceuticals repurchased an aggregate
principal amount of US$75,000,000 of the US$200,000,000 2.00 per cent Resettable Onward Starting Equity-linked Securities Due 2022 (ISIN: XS1426780125; Common Code: 142678012) (Bonds) (Repurchase).
The Repurchase was carried out by way of on-market purchases via The Hongkong and Shanghai Banking Corporation. The Bonds are listed on the Singapore Exchange Securities Trading.
The settlement and cancellation for the repurchased Bonds had completed on 7 April 2022. Following cancellation, the aggregate outstanding principal amount of the Bonds will be US$750,000.
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First Published: Apr 08 2022 | 9:15 AM IST