By Devika Patel
Knoxville, Tenn., May 10 - Fortis Healthcare Ltd. informed the Bombay Stock Exchange that it priced $100 million of foreign currency convertible bonds, which are due in five years and one day.
The bonds have a 5% coupon and a yield to maturity of 5.537%. The initial conversion price is Rs. 167.
Religare Capital Markets plc and the Royal Bank of Scotland NV are the joint bookrunners.
New Delhi-based Fortis Healthcare is a health care company with a network of super specialty hospital hubs. The company has built a tele-medicine network, which connects each of its facilities.
| Issuer: | Fortis Healthcare Ltd.
|
| Issue: | Foreign currency convertible bonds
|
| Amount: | $100 million
|
| Maturity: | Five years and one day
|
| Bookrunners: | Religare Capital Markets plc and the Royal Bank of Scotland NV
|
| Coupon: | 5%
|
| Yield: | 5.537%
|
| Conversion price: | Rs. 167
|
| Warrants: | No
|
| Pricing date: | May 10
|
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