Welspun Corp (WCL), the second largest (large diameter) pipe company in the world, and the flagship company of the $3.5 billion Welspun Group, has launched an offer to repurchase for cash 4.50% Convertible Bonds of $150,000,000 due in 2014. The bonds are listed on the Singapore Exchange Securities Trading.
The tender offer comprises an early offer and a late offer and will commence on October 17, 2012 and will expire on October 23, 2012, unless extended or re-opened as provided in the tender offer memorandum.
Besides, the company has appointed Sun Global Investments to act as Dealer Manager and Tender Agent in relation to the proposed Tender Offer.
Welspun Corp, the flagship company of the $3.5 billion Welspun Group, is one stop service provider offering complete pipe solution with a capability to manufacture line pipes ranging from half inch to 120 inches, along with specialized coating, double jointing and bending.
