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MakeMyTrip Prices Upsized Offering of $200 Million of Senior Notes Due 2028

· 02/05/2021 02:27

07:13 AM EST, 02/05/2021 (MT Newswires) -- MakeMyTrip (MMYT) on Friday priced an offering of 0.00% convertible senior notes due 2028 totaling $200 million, an increase from the previously announced $175 million.

The online travel company said the notes may be converted at an initial rate of 25.8035 ordinary shares per $1,000 principal amount of notes, or about $38.75 per ordinary share.

Net proceeds may be used for working capital and other general corporate purposes, the firm said.

Price: 28.18, Change: -3.40, Percent Change: -10.75