Financial Daily from THE HINDU group of publications
Thursday, Apr 22, 2004
Financial Daily from THE HINDU group of publications Thursday, Apr 22, 2004 |
||
|
|
||
|
Corporate
-
Overseas Borrowings Zee Telefilms to issue $100-m FCCBs Our Bureau
Mumbai , April 21 ZEE Telefilms Ltd has informed the BSE that the company has decided to issue Foreign Currency Convertible Bonds aggregating $100 million in the international market. The issue also includes a greenshoe option of $15 million. The bonds will be listed on the Singapore Stock Exchange. The bonds will have a tenor of five years and will be convertible into shares at a premium over the current market price. They are convertible into newly issued ordinary shares of Rs 1 per share of Zee at the option of bondholders, at a conversion price of Rs 197.24 per share. This is at a 35 per cent premium to the company's closing share price on the Bombay Stock Exchange of Rs 146.10 on April 20. The bonds carry a coupon rate of 0.5 per cent per annum and would be redeemable at a price of 116.24 per cent, if not converted into ordinary shares during the period. The issue, which was launched post-trading hours of BSE on April 20, received strong demand, a press release said. UBS AG and Citigroup Global Markets Inc were the joint book runners for the issue.
More Stories on : Overseas Borrowings | Radio/TV
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
|