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Tata Power Co. Ltd. has informed the Exchange with reference to the earlier announcement dated November 06, 2009 and November 11, 2009 that: "The Allotment of a US$ 300 Million Foreign Currency Convertible Bonds (FCCB) has been completed on 20th November 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 Limited on 5th November 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.
10.17 AM Nov 23rd 2009  | Track

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