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Welspun Corp Ltd Concludes Placement Of INR2.528 Billion Secured Redeemable Nonconvertible Debentures

Sunday, 16 Sep 2012 11:32pm EDT 

Welspun Corp Ltd announced that it has concluded the placement of AA(-) rate secured Redeemable Nonconvertible Debentures( NCD's). WCL raised INR2.528 billion NCD's (including INR2.00 billion NCD's announced earlier and the green shoe option of INR528 million) with maturity of five and seven years. The NCD's with seven years maturity were raised (excluding issue expense) at a coupon of 11.15% p.a. with put/call at the end of five years and at 11.25% p.a. without any put/call option. 

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3.0 +4.42%
7:07am EDT