By Devika Patel
Knoxville, Tenn., Feb. 29 - Sintex Industries Ltd. informed the Bombay Stock Exchange that it has raised $225 million from an issue of 0% foreign currency convertible bonds due 2013.
ICICI Bank UK plc and Silverdale Services Ltd. were the joint lead managers.
The bonds will be allotted on March 12.
Proceeds will be used for overseas acquisitions.
Based in Kalol, India, Sintex Industries is a maker of plastic products, including building supplies.
| Issuer: | Sintex Industries Ltd.
|
| Issue: | Convertible bonds
|
| Amount: | $225 million
|
| Maturity: | 2013
|
| Coupon: | 0%
|
| Price: | Par
|
| Managers: | ICICI Bank UK plc, Silverdale Services Ltd.
|
| Pricing date: | Feb. 29
|
| Settlement date: | March 12
|
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