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Prospect News home > News index > List of issuers P > Headlines for PSL Ltd. > News item
Published on 8/16/2005 in the Prospect News Convertibles Daily and Prospect News Emerging Markets Daily.

India's PSL prices $40 million convertibles with 37% conversion premium

New York, Aug. 16 - PSL Ltd. said it priced $40 million of convertible bonds with a 37% conversion premium.

Deutsche Bank was bookrunner for the offering, which priced after the close Friday. Bank of India and Bank of Baroda were co-managers.

The five-year bonds convert into stock at a price of Rs. 234.54 per share.

PSL is an India-based maker of steel pipes and coatings.


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