Published on 9/11/2009 in the Prospect News Emerging Markets Daily.
New Issue: India's HCL Technologies sells Rs. 5 billion of secured debentures
By Devika Patel
Knoxville, Tenn., Sept. 11 - HCL Technologies Ltd. said it priced an issue of Rs. 5 billion of secured redeemable non-convertible debentures.
The company sold 5,000 of the 8.8% debentures of Rs. 1 million each. These debentures will mature in five years.
HCL Technologies, based in Noida, India, is an information technology services provider.
| Issuer: | HCL Technologies Ltd.
|
| Issue: | Secured redeemable non-convertible debentures
|
| Amount: | Rs. 5 billion
|
| Debentures: | 5,000
|
| Maturity: | Five years
|
| Coupon: | 8.8%
|
| Price: | Par of Rs. 1 million
|
| Yield: | 8.8%
|
| Announcement date: | Sept. 11
|
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