Corporate

Tata Power completes FCCB allotment

Tata Power today announced the completion of allotment of $300 million Foreign Currency Convertible Bonds (FCCBs) on November 20. - Dish TV Announces pricing of GDR offering - India Inc takes swap route to beat FCCB redemption blues - REI Agro raises $105 mn through FCCBs - Tata Steel offers to swap $875 mn of securities - Tata Steel okays exchange offer for $875mn securities - Tata Power: Cost side story Tata Power had earlier this month launched and priced $250 million+ upsize option of $50 million, 5 years and 1 day, 1.75 per cent coupon FCCB offering. The FCCBs are convertible at 10 per cent premium over Tata Power’s closing share price on National Stock Exchange (NSE) on November 5 and bear a yield to maturity of 3.5 per cent per annum calculated on a semi-annual basis. These bonds will be listed on the Singapore Stock Exchange. Nomura is the sole underwriter and book runner to the offering.


Add your comment:
Name:
Site address: http://
Your message:
Enter today\\\\'s date, 2 digits
(spam protection):

Categories
Business Ideas
Business Opportunities
Corporate
Home Business
International Business
Management
Online Business
Public Company
Public Relations
Small Business
News of the day
Anil Ambani hits at rivals; says special auditor biased
Dubbing as "biased" the special audit report alleging overstatement of revenues and evasion of licence fee by Reliance Communications (RCom), its Chairman Anil Ambani today said corporate rivals were behind the "vicious campaign" against his group company.
Popular Articles
payday loans online

BofA securities sale raises $19.3 billion
Bank of America Corp, the largest US lender, raised $19.3 billion selling securities at $15 apiece in the biggest sale of stock or preferred shares by a US public company since at least 2000.

Shyamal Majumdar: What you pay and why
Shyamal Majumdar / Mumbai December 10, 2009, 0:14 IST

© Copyright 2009