By Susanna Moon
Chicago, July 24 – India’s Grandeur Products Ltd. notified the Bombay Stock Exchange that it plans to issue Rs. 75 million of 10% secured redeemable debentures at par in a private placement.
The issue was approved at a board meeting held Tuesday, according to a notice.
Grandeur will sell 750,000 debentures at par of Rs. 100 each.
The notes will not be listed.
Grandeur Products is a coffee company based in Hyderabad.
| Issuer: | Grandeur Products Ltd.
|
| Issue: | Secured redeemable debentures
|
| Amount: | Rs. 75 million
|
| Coupon: | 10%
|
| Price: | Par
|
| Yield: | 10%
|
| Pricing date: | July 24
|
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