By Angela McDaniels
Seattle, Oct. 23 - XL Telecom & Energy Ltd. has issued $35 million of zero-coupon foreign-currency convertible bonds due 2012, according to a notice filed with the Bombay Stock Exchange.
There is a $5 million greenshoe.
Elara Capital plc, London is the lead manager.
The bonds will be listed on the Singapore Stock Exchange.
The company announced plans for the issue in August and received shareholder approval in September.
XL Telecom & Energy, formerly XL Telecom Ltd., is a Secunderabad, India-based telecom, solar photovoltaic and ethanol company.
| Issuer: | XL Telecom & Energy Ltd.
|
| Issue: | Foreign-currency convertible bonds
|
| Amount: | $35 million
|
| Greenshoe: | $5 million
|
| Maturity: | 2012
|
| Coupon: | 0%
|
| Lead manager: | Elara Capital plc
|
| Settlement date: | Oct. 22
|
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