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Jubilant Pharmova's Singapore subsidiary redeems Notes aggregating USD 300 mn

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Capital Market
Jubilant Pharmova announced that its wholly owned subsidiary in Singapore, Jubilant Pharma has on 05 March 2021 redeemed the principal amount of US$100,000,000 out of US$300,000,000 Notes at a redemption price of 101.21875% together with the accrued interest till date. JPL had made the first early redemption of US$100,000,000 in November 2019 and the second early redemption of US$100,000,000 on 29 January 2021.

After the redemption of US$100,000,000 on 05 March 2021, the Notes have been paid in full and no amount remains outstanding under the Notes.

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First Published: Mar 05 2021 | 6:54 PM IST

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