IT company Geodesic Information Systems will raise $125 million through Foreign Currency Convertible Bonds (FCCBs) issue to fund acquisitions and investments in joint ventures and subsidiaries.These zero coupon bonds will be convertible into Geodesic ordinary shares. The initial conversion price is Rs 302.27, representing a premium of 35% over the closing price of Rs 223.9 on the NSE yesterday.The five-year bonds are expected to carry a annual yield to maturity of 6.60%. These bonds will be issued at par.The closing is expected to be on or about January 17, 2008. They will be listed the Singapore Stock Exchange. Citigroup Global Markets is the Sole Global Coordinator and Lead Manager for the offering.
