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India's United Phosphorus says greenshoe exercised, raising convertibles to $75 million
New York, Oct. 4 - United Phosphorus Ltd. said the underwriters of its recent offering of convertible bonds exercised the $5 million over-allotment option in full, raising the size of the deal to $75 million.
The deal was made up of $25 million zero-coupon 30-day mandatory convertibles and $45 million 1.5% five-year convertibles, the latter tranche being increased to $50 million by the greenshoe exercise.
Julius Baer & Co. Ltd. was the lead manager.
United Phosphorous is a Mumbai, India, agrochemical company.
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