The Hindu Business Line : Rajesh Exports to issue FCCBs

Rajesh Exports Ltd has informed the BSE that its board of directors has decided to issue and allot 1,500 zero coupon unsecured foreign currency convertible bonds due 2012, of $1,00,000 each for an aggregate amount of $15,00,00,000 to be listed on the Singapore Stock Exchange Securities Trading Ltd with a conversion price of Rs 575.00 and YTM of 8 per cent.

Silverdale Services Ltd, London would be the sole lead manager of the offering, and UTI Bank Ltd, the Indian advisor to the issuance. In 100 days, Rajesh Exports will start the launch of its `Shubh' gold jewellery retail stores. It has already launched 30 `Laabh' gold jewellers chain stores in India.

More Stories on : Overseas Borrowings | Gems & Jewellery

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

Stories in this Section
Rajesh Exports to issue FCCBs

Corporate finance deals in 2006: The party shows no signs of slowing

Markets taking pessimistic view of overseas buys

`The hypothetical purchaser' is `endlessly wealthy'

GHCL acquires US co Best Manufacturing for $35 m

Wadias take over Electromags

RSM merges with PwC

NRI takes 29% stake in Global Hospitals

Hindalco deal may not impact aluminium prices

Essar arm to set up steel co in Vietnam

Daewoo plant assets to be sold for Rs 765 cr

Reliance may face further delay in rigs deployment

Pyramid to raise Rs 200 cr for film making

A.V. Kamat is new HMT chief