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Orchid Chemicals redeems FCCBs worth $167.64 million

29 Feb 2012 Evaluate

Orchid Chemicals & Pharmaceuticals has redeemed the outstanding Foreign Currency Convertible Bonds (FCCBs), including yield-to-maturity, aggregating to $167.64 million on the due date, February 28, 2012. The Chennai-based firm had issued the bonds in February 2007.

Established in 1992 as an export-oriented unit (EOU), Orchid Chemicals & Pharmaceuticals is a vertically integrated company spanning the entire pharmaceutical value chain from discovery to delivery.

Orchid Pharma Share Price

570.50 6.40 (1.13%)
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