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Published on 3/7/2005 in the Prospect News Convertibles Daily and Prospect News Emerging Markets Daily.

New Issue: India's Gujarat NRE Coke prices $55 million convertibles

New York, March 7 - Gujarat NRE Coke Ltd. said it has priced and closed a $55 million offering of convertible bonds.

The securities mature in five years, pay interest at 1% and were priced to yield 5.85%. The conversion price is Rs. 185.

Gujarat NRE Coke is a Kolkata, India, coke maker.


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