By Sarah Lizee
Olympia, Wash., June 16 – India’s IRB Infrastructure Developers Ltd. informed the Bombay Stock Exchange that the management administration and share transfer committee of its board of directors allotted Rs. 7.5 billion of 10% three-year secured redeemable nonconvertible debentures in a private placement on Tuesday.
The company has the option to redeem 25% of the debentures at any time after 18 months.
Based in Mumbai, IRB is an infrastructure development and construction company.
| Issuer: | IRB Infrastructure Developers Ltd.
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| Issue: | Secured redeemable nonconvertible debentures
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| Amount: | Rs. 7.5 billion
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| Maturity: | Three years and 10 days
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| Coupon: | 10%
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| Call: | 25% of the debentures may be redeemed at any time after 18 months
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| Allotment date: | June 16
|
| Distribution: | Private placement
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