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Plethico considers amending terms of foreign currency convertibles
By Devika Patel
Knoxville, Tenn., April 13 - Plethico Pharmaceuticals Ltd. informed the Bombay Stock Exchange that it considered plans to revise the terms of its foreign currency convertible bonds at a board of directors meeting on April 13.
The bonds were issued in October 2007, and the company may amend the bonds' tenor, interest rate and yield to maturity, as well as weigh plans to redeem or repurchase the convertibles.
Plethico is a Mumbai, India-based pharmaceuticals firm.
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