Maharashtra Seamless has raised $75 million through foreign currency convertible bonds (FCCBs) on June 28, 2005.According to a release issued by the company to the BSE today, Deutsche Bank was the sole book-runner for the issue."The bonds, which have a maturity of 5 years, are convertible at a conversion price of Rs 506.68 per share - a premium of 30% over the closing price of Rs 389.75 on the BSE on June 28, 2005. The zero coupon bonds will have an yield-to-maturity of 6.20%," the release added.Due to the strong response to the offering, the issue size was increased from $70 million to $75 million, the release added.
