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Orchid Chemicals redeems FCCBs worth $167.64 million

29 Feb 2012 Evaluate

Orchid Chemicals & Pharmaceuticals has redeemed outstanding overseas securities worth $167.64 million (over Rs 820 crore) on the due date. The company 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.

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