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Prospect News home > News index > List of issuers W > Headlines for Welspun Gujarat Stahl Rohren Ltd. > News item
Published on 12/22/2004 in the Prospect News Convertibles Daily and Prospect News Emerging Markets Daily.

New Issue: India's Welspun Gujarat prices $40 million convertibles to yield 4.25%, up 22%

New York, Dec. 22 - Welspun Gujarat Stahl Rohren Ltd. said it priced $40 million of 1% convertible bonds to yield 4.25% with a 22% initial conversion premium.

The bonds were priced after the close on Dec. 21 and will mature on March 31, 2010.

Welspun Gujarat is an Andheri, Maherashtra, India, manufacturer of steel pipes.


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