>Pfizer files form 25 delisting from NYC STOCK EXCHANGE
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Pfizer application to delist notes not shares from the NYSE.
A note is a promise from a borrower to an investor to repay debt plus interest at a future date.
Once the debt and interest have been paid off, companies file a Form 25 application to delist notes from the NYSE.
In February 2017, the company announced a debt offering to investors partly consisting of 0.25 percent euro-denominated notes due 2022.
This refers to debt with a payable interest of 0.25 percent due to be repaid in 2022.
"The 0.25 percent Notes due 2022 were euro-denominated notes that were paid in full on March 7, 2022 in accordance with their terms and maturity date," a Pfizer spokesperson told AFP.
Asjeet S. Lamba, head of the finance department at the University of Melbourne in Australia, said the document did not show Pfizer had removed it shares from the stock exchange.
"As the debt instrument has matured, it cannot trade on a market. The company has done nothing else and is certainly not delisting its shares from the US markets," he told AFP.