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GHCL greenshoe exercised, raising convertibles to $80.5 million
New York, Oct. 6 - GHCL Ltd. said the underwriters of its recent offering of foreign currency convertible bonds due 2011 exercised the $10.5 million over-allotment option in full, raising the size of the deal to $80.5 million.
The Ahmedabad, India, soda ash and salt manufacturer originally priced $70 million of the securities on Sept. 9 to yield 1% with an initial conversion premium of 10%.
Jefferies International was bookrunner.
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