India’s largest private power company TATA Power Company Limited has launched and priced a USD 250 Million+ upsize option of USD 50 Million, 5 years and 1 day, 1% to 1.75% coupon Foreign Currency Convertible Bond/Bonds offering subject to fulfillment of certain conditions to the closing of the Issue.
The Bonds are convertible at 10% premium over the closing price of the Company’s shares on National Stock Exchange of India Limited on 5th November 2009 listed and bear a yield to maturity of 3.5% pa calculated on a semi annual basis.
These bonds are expected to be listed on the Singapore Stock Exchange. Nomura is the Sole Underwriter and Bookrunner to the offering.
