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WuXi AppTec completes early redemption of $300 million 0% convertibles
By Mary-Katherine Stinson
Lexington, Ky., April 4 – WuXi AppTec Co., Ltd. completed the early redemption of all $300 million of its zero-coupon convertible bonds due 2024 on April 4, according to a notice.
As previously reported, bondholders were paid $104,519.38 per $100,000 principal amount of bonds on April 4.
Bondholders had conversion rights before 3 a.m. ET on March 20 for the conversion period ended March 21.
After the redemption, there are no outstanding bonds in issue.
The bonds are expected to be withdrawn from the Stock Exchange of Hong Kong Ltd. on April 17.
The medical device company is based in Wuxi, China.
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