MoneyWorks4Me

Mercator issues FCCBs worth $16 million

26 May 2014 Evaluate

Mercator’s transaction of issue of Foreign Currency Convertible Bonds (FCCB), unsecured, aggregating $16 million on book building basis has been fully subscribed. The allotment has been made on May 23, 2014.

Mercator is the second-largest private sector shipping company on a consolidated basis in India, in terms of tonnage capacity. The group has a presence in varied segments namely shipping, offshore services, oil exploration and production, dredging, coal mining/trading and logistics.

Peers