By Devika Patel
Knoxville, Tenn., April 8 - Suzlon Energy Ltd. informed the Bombay Stock Exchange that it increased an offering of 5% convertible bonds due 2016 to $175 million from $150 million. The offer was announced on Monday and priced with a $50 million greenshoe on Tuesday.
The bonds are due in five years and one day and are initially convertible into stock at Rs. 54.01 per share. They have a yield to maturity of 6.5%.
Macquarie Capital (Singapore) Pte. Ltd. is the global coordinator, joint bookrunner and joint lead manager and Royal Bank of Scotland NV, Hong Kong Branch, is the joint bookrunner and joint lead manager.
Suzlon is a Pune, India-based wind power company.
| Issuer: | Suzlon Energy Ltd.
|
| Issue: | Convertible bonds
|
| Amount: | $175 million
|
| Greenshoe: | $50 million
|
| Maturity: | Five years and one day
|
| Coupon: | 5%
|
| Yield: | 6.5%
|
| Conversion price: | Rs. 54.01
|
| Warrants: | No
|
| Bookrunners: | Macquarie Capital (Singapore) Pte. Ltd., Royal Bank of Scotland NV, Hong Kong Branch
|
| Announcement date: | April 4
|
| Pricing date: | April 5
|
| Upsized: | April 8
|
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