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Mumbai Feb. 21 SBICAP (UK) Ltd, the wholly owned subsidiary of SBI Capital Markets (SBICAP), has concluded a $40 million Zero Coupon Foreign Currency Convertible Bond (FCCB) issue for Ruchi Infrastructure Ltd. SBICAP (UK) was the sole lead manager for the issue.

The tenure of the FCCBs is 5 years and 1 day. The bonds will be listed on the Singapore Stock Exchange. Ruchi Infrastructure Ltd is a provider of storage tanks to store edible oils and other chemicals and has a network of storage terminals at key ports and inland locations.

The company plans to invest the FCCB proceeds of around Rs 180 crore for the expansion of its storage terminal network, setting up agri-warehouses, windmills, etc.

More Stories on : Overseas Borrowings | Storage

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Ruchi Infrastructure raises $40 m

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