Loan & Debt9 Jul 2026, 06:10 pm
Davangere Sugar Lists $100M FCCBs on Mauritius Exchange
AI Summary
Davangere Sugar Company Ltd has successfully listed its Foreign Currency Convertible Bonds (FCCBs) on the AFRINEX Stock Exchange in Mauritius. The listing, effective July 9, 2026, pertains to USD 100 million worth of FCCBs with a 2% coupon, maturing in July 2031. This move signifies the company's engagement with international debt markets and its compliance with SEBI Listing Regulations. The circular detailing the listing was officially issued by AFRINEX Exchange.
Key Highlights
- Davangere Sugar Company listed FCCBs on AFRINEX Stock Exchange, Mauritius.
- The FCCB issue size is USD 100 million with a 2% coupon.
- Bonds mature on July 9, 2031.
- Listing complies with SEBI Listing Obligations and Disclosure Requirements.
Price Impact
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