By Sarah Lizee
Olympia, Wash., Dec. 21 – Essel Propack Ltd. informed the Bombay Stock Exchange that it allotted Rs. 500 million unsecured redeemable nonconvertible debentures due 2020 on Thursday.
The company issued 500 debentures, with a face value of Rs. 1 million each, to one investor.
Interest will be set using the one-year T-bill rate with a margin of 145 basis points.
The debentures will be listed on the wholesale debt market segment of the BSE Ltd.
Essel Propack is a Mumbai-based specialty packaging company.
| Issuer: | Essel Propack Ltd.
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| Issue: | Unsecured redeemable nonconvertible debentures
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| Amount: | Rs. 500 million
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| Coupon: | T-bill rate plus 145 bps
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| Tenor: | Three years
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| Maturity: | Dec. 21, 2020
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| Allotment date: | Dec. 21
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