By Jennifer Chiou
New York, July 18 - Tantia Constructions Ltd. informed the Bombay Stock Exchange that it has raised $7.5 million from an issue of 1% unsecured foreign-currency convertible bonds due July 18, 2012.
The securities are convertible at any time until July 5, 2012 at a conversion price of Rs. 140 per share.
The convertibles were issued at par on Tuesday.
Sbicap (UK) Ltd. was the lead manager on the deal.
| Issuer: | Tantia Constructions Ltd.
|
| Issue: | Unsubordinated unsecured foreign-currency convertible bonds
|
| Amount: | $7.5 million
|
| Maturity: | July 18, 2012
|
| Coupon: | 1%
|
| Price: | Par
|
| Conversion: | Any time until July 5, 2012
|
| Conversion price: | Rs. 140 per share
|
| Settlement date: | July 17
|
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