By Susanna Moon
Chicago, Oct. 4 – Apollo Hospitals Enterprise Ltd. notified the Bombay Stock Exchange that it may issue Rs. 3 billion of secured redeemable debentures in a private placement.
The company’s board of directors will consider the issue at a meeting set for Friday, according to a notice.
If issued, the 3,000 debentures will have a face value of Rs. 1 million each.
Separately, Apollo’s board approved the issue of Rs. 2 billion of 8.7% 10-year secured debentures, according to a second notice.
The deal includes an over-allotment option for Rs. 1 billion more notes.
The board meeting was held Tuesday.
Apollo is a Chennai, India, hospital owner and health-care provider.
| Issuer: | Apollo Hospitals Enterprise Ltd.
|
| Issue: | Secured debentures
|
| Amount: | Rs. 2 billion
|
| Greenshoe: | Rs. 1 billion
|
| Maturity: | Oct. 7, 2026
|
| Coupon: | 8.7%
|
| Allotment date: | Oct. 7
|
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