By Tali Rackner
Norfolk, Va., Jan. 19 – Great Eastern Shipping Co. Ltd. informed the Bombay Stock Exchange that its debenture issue committee allotted an issue of Rs. 5 billion of 7.99% unsecured nonconvertible debentures.
The 5,000 debentures have a face value of Rs.1 million each.
The bonds were issued in two tranches of Rs. 2.5 billion each.
The Mumbai-based shipping company transports liquid, gas and solid bulk products.
Issuer: | Great Eastern Shipping Co. Ltd.
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Issue: | Unsecured nonconvertible debentures
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Amount: | Rs. 5 billion; issued in two tranches of Rs. 2.5 billion each
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Coupon: | 7.99%
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Allotment date: | Jan. 16
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