United Spirits Limited is planning to raise $225 Mn FCCBs by early 2012 in order to reduce cost of debt.
According to filing on BSE, the company plans to issue FCCBs to the extent of $175 Mn with a green show option of up to a further $50 Mn.
Standard Chartered Bank, Rabo Bank and DBS Bank have been appointed as advisors to the issue.
I heard that Calfornia Pension is going to default and I started wondering what could be India's contribution to that.
Parsvnath Developers Limited, a real estate and infrastructure developer has raised R355 Cr by issuing 7,100 unlisted, secured, redeemable, NCDs having face value of R5 lacs each carrying a coupon of 13% through private placement.