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Prospect News home > News index > List of issuers Tenders > Headlines for 2020 > News item
Published on 5/26/2020 in the Prospect News Emerging Markets Daily and Prospect News Liability Management Daily.

India’s Allcargo board OKs redemption of 11¼% debentures due 2023

By Sarah Lizee

Olympia, Wash., May 26 – Allcargo Logistics Ltd. informed the Bombay Stock Exchange that its board of directors approved on Tuesday the early redemption of Rs. 1.6 billion of 11¼% senior secured redeemable nonconvertible debentures due Jan. 10, 2023 (ISIN: INE418H07018), according to a notice.

The debentures will be redeemed with accrued interest on June 11.

The record date is June 5.

Mumbai-based Allcargo is a provider of less-than container load cargo in India.


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