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India's Wockhardt prices $100 million convertibles to yield 5.25%, up 50%
New York, Sept. 21 - Wockhardt Ltd. said it priced $100 million of convertible bonds to yield 5.25% with a 50% initial conversion premium.
The bonds have a 0% coupon and a five-year maturity.
There is a $10 million greenshoe.
The Mumbai, India, pharmaceutical company said it is raising the money in order "to be ready with the desired funds at the opportune time."
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