Board Meeting29 May 2026, 01:02 pm
NHC Foods Allots USD 27 Million FCCBs
AI Summary
NHC Foods Ltd's Board of Directors approved the allotment of USD 27 million worth of 1.5% Unsecured Foreign Currency Convertible Bonds (FCCBs) at a 10% discount. The allotment includes 270 FCCBs with a face value of USD 100,000 each, a coupon rate of 1.5% per annum, and a tenure of 5 years, maturing on May 28, 2031. The ISIN for the bonds is MU0000000370. The board meeting was held on May 29, 2026, commencing at 12:15 pm and concluding at 12:45 pm.
Key Highlights
- NHC Foods allots USD 27 million in FCCBs.
- FCCBs have a 1.5% coupon rate and 5-year tenure.
- 270 FCCBs allotted with USD 100,000 face value each.
- FCCBs mature on May 28, 2031; ISIN is MU0000000370.
Price Impact
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