Redemption of Foreign Currency Convertible Bonds for US$ 21.67 million on due date on July 14, 2011
Helios and Matheson Information Technology Ltd has informed BSE that the company has successfully redeemed the outstanding Foreign Currency Convertible Bonds (FCCBs) of US$ 15,600,000 together with redemption premium, totalling to US$ 21,669,605.01. With this payment, the entire FCCB liability has been extinguished. The company has made the repayment as per schedule, in line with the terms and conditions of the FCCB Instrument, underlining the company's strong fundamentals....