By Evan Weinberger
New York, July 2 - Gemini Communication Ltd. priced €15 million in foreign currency convertible bonds due 2012 with a 6% coupon to yield 6.99%.
The bonds have a conversion price of Rs. 513.08.
The offering was priced after the market close June 29 and approved by stockholders at an extraordinary general meeting of the company on March 30.
The bonds are expected to be listed on the Luxemburg Stock Exchange.
Merrill Lynch is the bookrunner and Edelweiss Capital Ltd served as the placement agent and adviser.
Gemini Communication is a Chennai, India-based computer networking company.
| Issuer: | Gemini Communication Ltd.
|
| Issue: | Foreign currency convertible bonds
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| Amount: | €15 million
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| Maturity: | 2012
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| Coupon: | 6%
|
| Price: | Par
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| Yield: | 6.99%
|
| Conversion price: | Rs. 513.08
|
| Pricing date: | June 29, after the close
|
| Bookrunner: | Merrill Lynch
|
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