By Sarah Lizee
Olympia, Wash., May 28 – India’s Prism Johnson Ltd. informed the Bombay Stock Exchange that its board of directors approved on Thursday an issue of Rs. 500 million of 10¼% redeemable nonconvertible debentures in two parts on a private placement basis.
The issue includes Rs. 350 million of series A debentures due June 25, 2021 and Rs. 150 million of series B debentures due Dec. 30, 2021.
The debentures, which will be allotted on or before June 30, are proposed to be listed on BSE Ltd.
Hyderabad, India-based Prism Johnson, formerly known as Prism Cement Ltd., is a building materials company with products that include cement, ready-mixed concrete, tiles, bath products and kitchens.
| Issuer: | Prism Johnson Ltd.
|
| Issue: | Redeemable nonconvertible debentures
|
| Amount: | Rs. 500 million
|
| Coupon: | 10¼%
|
| Approval date: | May 28
|
| Allotment date: | On or before June 30
|
| Distribution: | Private placement
|
|
|
| Series A debentures
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| Amount: | Rs. 350 million
|
| Maturity: | June 25, 2021
|
|
|
| Series B debentures
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| Amount: | Rs. 150 million
|
| Maturity: | Dec. 30, 2021
|
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