Tata Power today announced the completion of allotment of $300 million Foreign Currency Convertible Bonds (FCCBs) on November 20.

Tata Power had earlier this month launched and priced $250 million+ upsize option of $50 million, 5 years and 1 day, 1.75 per cent coupon FCCB offering. The FCCBs are convertible at 10 per cent premium over Tata Power’s closing share price on National Stock Exchange (NSE) on November 5 and bear a yield to maturity of 3.5 per cent per annum calculated on a semi-annual basis. These bonds will be listed on the Singapore Stock Exchange.

BSE  |  NSE Price

Also Read   Related Stories News Now - Dish TV Announces pricing of GDR offering - India Inc takes swap route to beat FCCB redemption blues - REI Agro raises $105 mn through FCCBs - Tata Steel offers to swap $875 mn of securities - Tata Steel okays exchange offer for $875mn securities - Tata Power: Cost side story

Also Read   Related Stories News Now - Markets post worst May performace since 2006 - Royal Dutch Shell, RPower to set up LNG terminal in AP - ECB, EU officials warn euro's survival at risk - Star News to be known as ABP News from tomorrow - IIT alumni to move court on changes in JEE More

New Ipad Application :Business Standard's all new IPad App Click here to download for free Other Stories      - Markets post worst May performace since 2006 - Royal Dutch Shell, RPower to set up LNG terminal in AP - ECB, EU officials warn euro's survival at risk - Star News to be known as ABP News from tomorrow - IIT alumni to move court on changes in JEE

Tags : tata power | FCCB | Nomura | NSE   Read Business news in  Advertisements -  India's no. 1 Property Site. Click here to know more -  "Discover The Power of One" -  Help a Child Achieve her. Click to know more -  Benefits Upto Rs. 2.36 Lakhs on the Fully Loaded TJet Petrol. -  The Best Seller is Also the No. 1 in Mileage. Click here -  Watch The Film Here. Click here to know more.. -  Learn How One City is Running on FOOD SCRAPS. -  1 billion in saving for Unilever without any tangles. -  A Brand New Server at a Price That Fits Your Budget. Click here -  One Partnership Endless Possibilities. Click here to know more -  Helping doctors detect diseases earlier, saving costs & extending lives. -  Which is the best plan for your daughter -  Check out the TRUE COLOURS of your Stocks, Now for FREE! -  One of the leading business schools in the world.Know More -  2 Lac Apartments, 1 Lac House / Plots. Click here