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DEBT | 22 December 2011

United Spirits Plans To Issue $225 Mn FCCBs

by Charmi Gutka
 
@charmi

@United_Spirits_L 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.

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