• Investment World
• eWorld
• Catalyst
• Mentor
• Life
• Canvas
• Praxis
• Urban Pulse
• Brand Quest

Stocks

• Quotes
• SE Diary
• Scoreboard
• Open-End Mutual Fund

Port Info

• Ships in Ports
  
  

Archives

• Yesterday
• Datewise
• Resources

Group Sites

• The Hindu
• Business Line
• The Sportstar
• Frontline
• The Hindu eBooks
• The Hindu Images

Our Bureau

Mumbai , Feb. 9

TATA Power Company today said it is raising $200 million through a five-year foreign currency convertible bond issue at a coupon of one per cent.

The bonds are convertible at 50 per cent premium over the closing share price of February 8, which is Rs 393.90. They bear a yield-to-maturity of 3.88 per cent compounded semi-annually, Tata Power said in a press release.

The company plans to use the net proceeds from the issue for capital expenditure in existing units, new projects and acquisitions. These bonds are expected to be listed on the Singapore Stock Exchange.

J.P. Morgan is the sole underwriter and bookrunner to the offering.

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

Stories in this Section
Vascular Concepts' stent undergoing clinical trials

Copyright © 2005, 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