Financial Daily from THE HINDU group of publications
Sunday, Oct 03, 2004
Financial Daily from THE HINDU group of publications Sunday, Oct 03, 2004 |
||
|
|
||
|
Corporate
-
Overseas Borrowings United Phosphorus completes FCCB placement Our Bureau
Mumbai , Oct. 2 UNITED Phosphorus Ltd said it has completed the placement of $ 70 million through foreign currency convertible bonds (FCCBs) issued under the Swiss law. The lead manager of the issue was Bank Julius Baer & Co Ltd. The FCCBs consists of two series - Series A of $ 25 million compulsory convertible bonds of zero coupon. They are compulsorily convertible into shares after 30 days priced at Rs 575 per share. The equity shares are not tradable for a period of 12 months from the date of conversion. Series B is of $ 45 million plus a greenshoe option of $ 5 million optional convertible bond with a maturity of five years and one month. The issue price is 100 per cent and coupon 1.5 per cent. Redemption will be at a premium of 122 per cent.
More Stories on : Overseas Borrowings | Fertilisers | Corporate Bonds
Article E-Mail :: Comment :: Syndication :: Printer Friendly Page
|
Stories in this Section |
|
The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription Group Sites: The Hindu | Business Line | Sportstar | Frontline | The Hindu eBooks | The Hindu Images | Home |
Copyright © 2004, The
Hindu Business Line. Republication or redissemination of the contents of
this screen are expressly prohibited without the written consent of
The Hindu Business Line
|