India's Mercator Lines sets new rate for non-convertible debentures

By Devika Patel

Knoxville, Tenn., July 29 - Mercator Lines Ltd. said it has changed the interest rate on its 6.25 million outstanding secured non-convertible debentures to 11.25% from 7.5%.

The company also changed the put options from June 30, 2008 and June 30, 2010 to every year on June 30.

Mercator is a Mumbai, India, ocean shipping company.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.