Videocon begins selling $200 million convertible bonds due 2015

By Devika Patel

Knoxville, Tenn., Dec. 3 - Videocon Industries Ltd. informed the Bombay Stock Exchange that it launched a $200 million issue of unsecured convertible bonds due 2015.

Proceeds will be used for capital expenditures on new and existing projects and overseas direct investments in joint ventures and subsidiaries.

Credit Suisse and Standard Chartered are the joint bookrunners.

Aurangabad, India-based Videocon is a conglomerate with businesses in consumer electronics retail, video-display component manufacturing and oil-and-gas production.

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