Prime Focus redeems FCCBs

Prime Focus Ltd had originally issued Foreign Currency Convertible Bonds (FCCBs) aggregating US$ 55 million in the year 2007 which are listed on Singapore Stock Exchange (SGX).

The Company has redeemed on December 13, 2012 FCCBs of US$ 78.9965 million including redemption premium of US$ 23.9965 Million on scheduled legal maturity date December 13, 2012 through Bank of New York, Trustee of Bond Holders.

Upon redemption of said FCCBs, they stand extinguished and ceased to exist and accordingly the Company has approached to Singapore Stock Exchange for delisting of the said bonds.

The Prime Focus Ltd stock closed the day at Rs.47.05, down by Rs.0.20 or 0.42%. The stock hit an intraday high of Rs.48.60 and low of Rs.46.55.

The total traded quantity was 2.29 lakhs compared to 2 week average of 2.76 lakhs.

Source : Equity Bulls

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