By Rebecca Melvin
Princeton, N.J., Dec. 9 - India's Adlabs Films Ltd. priced €84 million five-year convertibles to yield 0% with an initial conversion premium of 50%, the company said in a release.
The issue size was increased from €75 million, with Barclays Capital as bookrunner and lead manager of the offering.
The company's board of directors approved the raising of up to $100 million in funds through foreign currency convertible bonds on Dec. 8.
Mumbai, India-based Adlabs is an entertainment company that has business segments in film processing, production, exhibition and digital cinema.
| Issuer: | Adlabs Films Ltd.
|
| Issue: | Foreign currency convertible bonds
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| Amount: | €84 million
|
| Bookrunner: | Barclays Capital
|
| Maturity: | Feb. 26, 2011
|
| Coupon: | 0%
|
| Price: | Par
|
| Yield: | 0%
|
| Conversion premium: | 50%
|
| Conversion price: | Rs. 543.420
|
| Pricing date: | Dec. 8
|
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