Loan & Debt8 Jul 2026, 07:20 pm
Davangere Sugar FCCB Offering Fully Subscribed
AI Summary
Davangere Sugar Company Ltd announced the successful closure of its USD 100 Million Foreign Currency Convertible Bonds (FCCB) offering on July 8, 2026. The issue, which opened on July 3, 2026, was fully subscribed as per the offering circular. The FCCBs were offered at a 2% coupon rate, with 1000 unsecured FCCBs issued at a 15% discount, aggregating to USD 85 Million. This indicates strong investor confidence and successful fundraising for the company.
Key Highlights
- FCCB offering fully subscribed, meeting offering circular terms.
- Issue closed on July 8, 2026, after opening on July 3, 2026.
- USD 100 Million offering included 1000 unsecured FCCBs.
- Bonds offered at a 2% coupon rate with a 15% discount.
- Successful fundraising of USD 85 Million.
Price Impact
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