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FINWIRES

Luye Pharma Completes $180 Million Convertible Bond Sale

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Luye Pharma (HKG:2186) completed a $180 million bond offering, according to a Thursday filing with the Hong Kong bourse.

The debt was offered in the form of 5.25% convertible bonds due 2031, with funds intended for the repurchase of the company's outstanding $180 million 6.25% convertible bonds due 2028.

The repurchase is yet to be completed, the firm said.

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