New Issue: India's Gati prices $22.18 million of zero-coupon convertible bonds

By Ashley Montgomery

Kansas City, Kan., Dec. 14 - Gati Ltd. on Monday priced $22,182,000 of zero-coupon foreign currency convertible bonds.

The company said it intends to use the proceeds to redeem its outstanding $20 million foreign currency convertible bonds due this month.

Gati is an Andhra Pradesh, India-based express cargo delivery company.

Issuer:	Gati Ltd.
Issue:	Foreign currency convertible bonds
Amount:	$22,182,000
Coupon:	0%
Pricing date:	Dec. 12
Listing:	Singapore Stock Exchange

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