Simbhaoli Sugars to extinguish $2 million of its 0% convertible bonds

By Devika Patel

Knoxville, Tenn., May 29 - Simbhaoli Sugars Ltd. informed the Bombay Stock Exchange that it decided to extinguish $2 million of its $33 million zero-coupon foreign currency convertible bonds at a board of directors meeting on May 29.

The company will have cancelled $25.11 million of the bonds after this buyback.

Simbhaoli is a Simbhaoli, India-based sugar refiner.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.