Mumbai, May 17: Suzlon Energy Ltd has launched and priced a proposed Foreign Currency Convertible Bonds (FCCBs) issuance for an amount of USD 300 million. Deutsche Bank acted as the sole bookrunner to the transaction.
The FCCBs, which have a maturity of five years and one day, are convertible at a conversion price of Rs 1,800 per share (as adjusted from time to time), which is at a premium of 59.59 per cent over the volume weighted average price (VWAP) of Rs 1,127.90 on the BSE on May 16, 2007. The FCCBs are zero coupon bonds with a yield to maturity of 7.60 per cent, calculated on a semi-annual basis, at the end of five years and one day if not converted into shares during the period, the Suzlon note informed BSE.
The FCCBs are expected to be listed on the Singapore Exchange Securities Trading Ltd.
UNI
The FCCBs, which have a maturity of five years and one day, are convertible at a conversion price of Rs 1,800 per share (as adjusted from time to time), which is at a premium of 59.59 per cent over the volume weighted average price (VWAP) of Rs 1,127.90 on the BSE on May 16, 2007. The FCCBs are zero coupon bonds with a yield to maturity of 7.60 per cent, calculated on a semi-annual basis, at the end of five years and one day if not converted into shares during the period, the Suzlon note informed BSE.
The FCCBs are expected to be listed on the Singapore Exchange Securities Trading Ltd.
UNI
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