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Moneycontrol.com >> Messageboard >> Stocks >> Tata Power >> NSE Announcements on Tata Power
   You are here :     Moneycontrol     MMB    Stocks      Tata Power                         Most active discussions of 2006 , 2007 & 2008
NSE Announcements on Tata Power (1)   06-Nov-09 14:22Track this thread   Tracked by (0)  
Posted by:   MMB Messenger on ( 06-Nov-09 14:22 )
Price : [Tata Power - BSE:Rs. 1277.25 NSE:Rs. 739.55 when posted]
Tata Power Co. Ltd. has informed the Exchange vide its letter dated November 06, 2009 that "The Company has today launched and priced a US$250 Million + upsize option of US$50 Million, 5 years and 1 day, 1% - 1.75% coupon Foreign Currency Convertible Bond (Bonds) offering, subject to fulfilment of certain conditions to the closing of the Issue. The Bonds are convertible at 10% premium over the closing price of the Companys shares on National Stock Exchange of India Limited on 5th November 2009 listed and bear a yield to maturity of 3.5% p.a. calculated on a semi-annual basis. These Bonds are expected to be listed on the Singapore Stock Exchange. Nomura is the Sole Underwriter and Book runner to the offering".
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