 |
Mercator in the News
Issue of Foreign Currency Convertible Bonds (FCCB) aggregating USD 60 million.
This is to inform you that the Company's transaction of Issue of Foreign Currency Convertible Bonds (FCCB), unsecured, aggregating USD 60,000,000 (US Dollar 60 millions) on book building has been successfully completed on 7th April, 2005 on the following terms:
- Size: USD 60 million.
- Issue Price: 100% of the principal amount.
- Book building and Pricing Date: 7th April, 2005.
- Proposed Allotment Date: 27th April, 2005.
- Maturity Date: 5 years and 1 day.
- Initial Conversion Price:
Rs. 149.53 per share (with a fixed rate of exchange on conversion of Rs. 43.73 USD 1.00) representing 40% premium over the volume weighted average price of the date of launch, i.e. Rs. 106.808.
- Cash Coupon Rate: 1.50% p.a., payable annually.
- Yeild to maturity: 5.95% p.a.
- Redemption: At yeild to maturity of 5.95% reducing the cash coupon rate.
- Listing: Singapore Stock Exchange.
« Back to Index
|
|
|
|
|
