By Susanna Moon
Chicago, Sept. 13 – Piramal Enterprises Ltd. notified the Bombay Stock Exchange that it privately placed Rs. 2.5 billion of 7.9% secured debentures due in 1,096 days.
There is an oversubscription option for another Rs. 1.5 billion of notes for a total issue size of Rs. 4 billion, according to the company notice.
Piramal Enterprises, formerly Piramal Healthcare Ltd., is a Mumbai-based subsidiary of the Piramal Group.
| Issuer: | Piramal Enterprises Ltd.
|
| Issue: | Secured debentures
|
| Amount: | Rs. 2.5 billion
|
| Greenshoe: | Rs. 1.5 billion
|
| Tenor: | Sept. 14, 2020
|
| Coupon: | 7.9%
|
| Announcement date: | Sept. 13
|
| Distribution: | Private placement
|
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