Auto component maker Amtek Auto today said that it has redeemed its convertible bonds, which were due for maturity for $145.97 million (about Rs 654.33 crore).
The company in a filing to the Bombay Stock Exchange (BSE) said that it had issued $250 million zero coupon Foreign Currency Convertible Bond (FCCB) in the year 2006.
"Out of this, bonds of $108.6 million were due for maturity along with yield to maturity (YTM) of $37.37 million. The Company has fully paid the entire outstanding amount of $145.97 million against redemption of outstanding bonds along with YTM," the filing said.
Accordingly, after this payment, the company has no outstanding amount of the $250 million raised through FCCBs issued in 2006, it added.
Amtek is a diversified automotive component supplier in the global auto component manufacturing and supply chain.
Shares of the company today closed at Rs 169.70, up by 0.50% from the previous close on the BSE.
