By Devika Patel
Knoxville, Tenn., Jan. 9 - Aksh Optifibre Ltd. informed the Bombay Stock Exchange that it has completed a $20 million offering of 0% unsecured foreign currency convertible bonds and a $15 million issue of 4,901,961 Global Depositary Receipts, with 9,803,922 equity shares underlying the receipts.
The bonds will mature in five years and one day.
Elara Capital plc was the lead manager of the offering.
Based in Haryana, India, Aksh Optifibre manufactures and exports optic fiber cables.
| Issuer: | Aksh Optifibre Ltd.
|
| Issue: | Convertible bonds
|
| Lead manager: | Elara Capital plc
|
| Amount: | $20 million
|
| Maturity: | Five years and one day
|
| Coupon: | 0%
|
| Price: | Par
|
| Yield: | 0%
|
| Announcement date: | Jan. 9
|
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