Auto component maker Amtek Auto on Thursday said that it has redeemed its convertible bonds, which were due for maturity for USD 145.97 million (about Rs 654.33 crore).
The company in a filing to the Bombay Stock Exchange (BSE) said that it had issued USD 250 million zero coupon Foreign Currency Convertible Bond (FCCB) in the year 2006.
"Out of this, bonds of USD 108.6 million were due for maturity along with yield to maturity (YTM) of USD 37.37 million. The Company has fully paid the entire outstanding amount of USD 145.97 million against redemption of outstanding
bonds along with YTM," the filing said.
Accordingly, after this payment, the company has no outstanding amount of the USD 250 million raised through FCCBs issued in 2006, it added.
Amtek is a diversified automotive component supplier in the global auto component manufacturing and supply chain.
Shares of the company today closed at Rs 169.70, up by 0.50% from previous close at the BSE.
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