Teva 0.25%, 0.5% notes convertible into ADRs from Nov. 11 to Feb. 14

By Melissa Kory

Cleveland, Nov. 0 - Teva Pharmaceutical Industries Ltd. subsidiary Teva Pharmaceutical Finance II, LLC announced that its 0.5% series A convertible senior debentures due 2024 and 0.25% series B convertible senior debentures due 2024 will be convertible into American Depositary Receipts from Nov. 11 through Feb. 14.

The series A debentures will be convertible at a price of $36.9797 per ADR, based on a conversion rate of 27.0419 ADRs. The series B debentures will be convertible at a price of $34.3987 per ADR, based on a conversion rate of 29.0709 ADRs.

Bank of New York is the trustee.

Teva makes generic and human pharmaceuticals as well as active pharmaceutical ingredients. The company is based in Petach Tikva, Israel.

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