WuXi AppTec (02359) said it will redeem early its US dollar-settled zero-coupon convertible bonds due 2027 with a principal amount of RMB 6.78 billion, according to ETNet.
The early redemption amount is RMB 4.973 billion, representing the total outstanding principal of the bonds. Bondholders may exercise the conversion right until Sept. 14, and the redemption date is Sept. 27. The company said it has sent notices of the early redemption of all outstanding bonds to bondholders, the trustee and the principal agent through the relevant settlement system.