<p>It has launched the $250 million FCCB issue, which would also have a green-shoe option of raising a further $50 million, the company said. <br /><br />These bonds would be listed on the Singapore Stock Exchange. Further, these (FCCBs) – having a coupon rate of 1-1.75 per cent – would be convertible into the company’s shares at a 10 per cent premium of over Rs 1,323.75 at the Thursday’s closing price on the NSE.<br /><br />Nomura is acting as the sole underwriter and book runner to the offering, the notification added.</p>
<p>It has launched the $250 million FCCB issue, which would also have a green-shoe option of raising a further $50 million, the company said. <br /><br />These bonds would be listed on the Singapore Stock Exchange. Further, these (FCCBs) – having a coupon rate of 1-1.75 per cent – would be convertible into the company’s shares at a 10 per cent premium of over Rs 1,323.75 at the Thursday’s closing price on the NSE.<br /><br />Nomura is acting as the sole underwriter and book runner to the offering, the notification added.</p>
