By Devika Patel
Knoxville, Tenn., April 30 - Tyche Peripheral Systems Ltd. said it issued $12 million in foreign currency convertible bonds at a board of directors meeting April 30.
The 3% bonds will be listed on the Singapore Stock Exchange and will be convertible into equity shares at Rs. 90 per share. They will have a yield to maturity of 5.49%, compounded annually.
Elara Capital plc London was the lead manager, global coordinator and bookrunner.
Hyderabad, India-based Tyche Peripheral Systems is a manufacturer of automated and energy saving products for banks, offices and homes.
| Issuer: | Tyche Peripheral Systems Ltd.
|
| Issue: | Convertible bonds
|
| Bookrunner: | Elara Capital plc London
|
| Amount: | $12 million
|
| Coupon: | 3%
|
| Price: | Par
|
| Yield: | 5.49%
|
| Conversion price: | Rs. 90
|
| Settlement date: | April 30
|
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