Amtek India has priced an issuance of $70 million 2.50% the Foreign Currency Convertible Bonds (FCCBs) due 2017. The FCCBs which have a maturity of 5 years and 1 day are convertible at the initial conversion price of Rs 103.005 per equity share of the company. The FCCBs will bear a coupon of 2.50% payable on a semi-annual basis. If not previously converted, redeemed or repurchased, the FCCBs will be redeemable at their specified maturity at 100% of their principal amount together with accrued interest.
The FCCBs are expected to be issued and settled on or around September 20, 2012 and subsequently listed on the Singapore Exchange Securities Trading (SGX-ST), subject to receipt of approval from the SGX-ST.
The company intends to use proceeds from FCCB to be utilized in accordance with applicable provisions of Foreign Exchange Management Act, 1999 and rules/ regulations made there under. DBS Bank, Singapore is the Sole Global Coordinator and Book Runner for the said issue.
| Company Name | CMP |
|---|---|
| SamvardhanaMotherson | 125.75 |
| Tube Investments | 2967.60 |
| Bosch | 36680.95 |
| UNO Minda | 1107.95 |
| CIE Automotive India | 456.90 |
| View more.. | |
MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.
To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.
MoneyWorks4Me ensures this through: