With reference to the earlier announcements dated November 06, 2009 and November 11, 2009, Tata Power Company Ltd has informed BSE that the allotment of a US$ 300 Million Foreign Currency Convertible Bonds (FCCB) has been completed on November 20, 2009.
The Company had earlier this month launched and priced a US$ 250 Million + upsize option of US$50 Million, 5 years and 1 day, 1.75% coupon FCCB offering, subject to certain conditions to the closing of the issue. The FCCBs are convertible at 10% premium over the closing share price of the Companys shares on National Stock Exchange of India Ltd. on November 05, 2009 and bear a yield to maturity of 3.5% p.a. calculated on a semi-annual basis.
These Bonds will be listed on the Singapore Stock Exchange. Nomura is the Sole Underwriter and Book Runner to the offering.
| NIFTY 
