Gujarat NRE Coke launches $55mn FCCBs

Gujarat NRE Coke has launched and closed $55 million (including a $5 million greenshoe option) FCCB issue on
March 04, 2005.

According to a release issued to the BSE, the bonds are spread over a period of 5 years with a 1% coupon rate and a yield to maturity of 5.85%.

The price of each FCCBs has been set at Rs 185/-, and will be listed on the Luxembourg Stock Exchange, the release added.