Monday, 13 Jun 2011
Gujarat NRE Coke to raise USD 60 million via issuance of foreign currency convertible bonds.
The company has launched an issue of USD 50 million direct, unsubordinated, unconditional and unsecured convertible bonds due 2016 subject to an over allocation of USD 10 million convertible into ordinary equity shares of the company quoted in Indian rupees.
The bonds are proposed to the listed on the Singapore Exchange Securities Trading and the equity shares of the company to be issued upon conversion of the bonds shall be listed on the National Stock Exchange of India and the Bombay Stock Exchange.
First International Group and UBS AG are appointed as the Joint book runners for the offering of the bonds. (sourced from IRIS.com)
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