(Recasts with details on debt raising)
July 23 (Reuters) - Telix Pharmaceuticals (TLX) aims to raise A$600 million ($397.5 million) via the issue of convertible notes to fund key trials for its kidney and brain cancer therapy programs, the biopharmaceutical company said on Tuesday.
The net proceeds from the debt raising will also be used to speed up the development of its therapeutics and diagnostics (theranostics) portfolio.
The notes, due to mature in 2029, are convertible into ordinary shares of Telix and will yield interest between 2% to 2.75% per year for the holder.
Telix added that the convertible bonds represent attractive, low-cost financing to the company and are non-dilutive until any potential future conversions occur.
The bonds will be listed on the official list of the Singapore Exchange.
($1 = 1.5094 Australian dollars)
- Forums
- ASX - By Stock
- News: TLX UPDATE 1-Australia's Telix Pharma to raise $398 mln in debt to fund cancer therapy
(Recasts with details on debt raising) July 23 (Reuters) -...
Featured News
Add TLX (ASX) to my watchlist
|
|||||
Last
$20.31 |
Change
0.680(3.46%) |
Mkt cap ! $6.796B |
Open | High | Low | Value | Volume |
$20.22 | $20.43 | $19.94 | $39.67M | 1.963M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 100 | $20.30 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$20.31 | 29999 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 100 | 20.300 |
1 | 1433 | 20.260 |
1 | 30 | 20.230 |
3 | 27840 | 20.200 |
1 | 4912 | 20.180 |
Price($) | Vol. | No. |
---|---|---|
20.310 | 29999 | 1 |
20.330 | 450 | 2 |
20.340 | 100 | 1 |
20.360 | 4916 | 2 |
20.380 | 100 | 1 |
Last trade - 16.10pm 23/07/2024 (20 minute delay) ? |
Featured News
TLX (ASX) Chart |
The Watchlist
I88
INFINI RESOURCES LIMITED
Charles Armstrong, CEO & MD
Charles Armstrong
CEO & MD
Previous Video
Next Video
SPONSORED BY The Market Online