By Sarah Lizee
Olympia, Wash., April 3 – Great Eastern Shipping Co. Ltd. informed the Bombay Stock Exchange that its debenture committee approved an issue of Rs. 3 billion 8.85% 10-year secured nonconvertible debentures.
The company plans to sell 3,000 debentures at Rs. 1 million each in a private placement, according to a notice.
The debentures will be listed on the wholesale debt market segment of the National Stock Exchange of India Ltd.
The Mumbai, India-based shipping company transports liquid, gas and solid bulk products.
| Issuer: | Great Eastern Shipping Co. Ltd.
|
| Issue: | Secured nonconvertible debentures
|
| Amount: | Rs. 3 billion
|
| Coupon: | 8.85%
|
| Maturity: | 10 years
|
| Distribution: | Private placement
|
| Ratings: | CARE AAA
|
| BWR AAA
|
|
|
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
