Subex Ltd To Raise $98.7 mn Through A Bond Issue
Bangalore based - Subex Ltd is issuing convertible unsecured bonds worth $98.7 mn with a coupon rate of 5%. The bonds will be listed on Singapore Exchange Securities Ltd.
The initial conversion price of the bonds which would mature on March 9, 2012 is Rs 80.31.
Barclays Capital was the sole dealer manager to this transaction.
Formed in 1992, Subex Ltd offers billing and operation support system solutions to telecom operators. Subex serves 32 of the world's 50 largest telecom operators. The company has more than 300 installations in over 70 countries.
In 2006, Subex Ltd acquired Azure Solutions, UK for $140 mn, followed by acquisition of Syndesis Ltd, Canada for $164 mn in 2007.
Subex has a market cap pf Rs 2.4 bn and posted a loss of 1,883.6 mn despite increase in revenues from Rs 4.9 bn to 5.6 bn for the last fiscal.
| Readers' Comments | Post a Comment >> |
| Dealforwards |  |
| Jan 31, 2012... | Dell Set For India Acquisition: Hexaware, NIIT Potential Targets |
|
| Jan 31, 2012... | Flipkart Raises $150Mn From Accel Partners, Tiger Global |
|
| Feb 1, 2012... | Trishe Energy To Raise PE Funding For Wind Power Projects |
|
| Feb 6, 2012... | Unitus Seed Fund Invests In Bodhicrew Services, Hippocampus Learning, Milaap Social |
|
| Jan 31, 2012... | Radiowalla.in Raises Series A Funding From Ojas Venture Partners |
|
Editorial
India A Bright Spot For Otherwise Insolvent CalPERS
I heard that Calfornia Pension is going to default and I started wondering what could be India's contribution to that.
