Loan & Debt9 Jul 2026, 01:45 pm
Davangere Sugar Allots USD 100M FCCBs
AI Summary
Davangere Sugar Company Ltd announced the allotment of Unsecured Foreign Currency Convertible Bonds (FCCBs) worth USD 100 Million. The Board of Directors approved the allotment after receiving subscription money aggregating to USD 85 Million. The FCCBs carry a coupon rate of 2% per annum and have a tenure of up to 5 years, maturing on July 9, 2031. The allotment was made at a 15% discount to the issue price.
Key Highlights
- Board approved allotment of USD 100 Million FCCBs.
- Subscription money received totals USD 85 Million.
- FCCBs have a 2% coupon rate and 5-year tenure.
- Allotment made at a 15% discount to issue price.
- Maturity date set for July 9, 2031.
Price Impact
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