According to a release issued by Shringar to the BSE today, the issue comprised of $12 million, zero coupon Series A bonds due in 2011 and $8 million, 0.5% per annum Series B bonds due in 2011. "The yield to maturity (YTM) for Series A and Series B bonds would be 6.5% and 7.5%, respectively," the release added.
The proceeds of the issue will be used for capital expenditure in expansion and modernisation of multiplexes and the food court business, the release said.
