XL Telecom - Updates
XL Telecom & Energy Ltd has informed BSE that with regards to US$40,000,000 zero coupon Unsecured Foreign Currency Convertible Bonds due 2012 ("the Bonds"), the Company has allotted further US$ 5 million FCCBs exercising the green shoe option over the initial allotment of US$ 35 million FCCBs listed in Singapore Stock Exchange.
With this further allotment, the total FCCB placement by the Company is US$ 40 million which is in compliance with the shareholders approval at the 21st Annual General Meeting held on September 26, 2007.
Elara Capital Plc, London has been the Lead Manager for the issue and Prabhudas Lilladher Advisory Services Pvt Ltd was the Indian Financial Advisors.
The Board has issued Global Certificate representing US$ 5 million in aggregate principal amount of Bonds.
With this further allotment, the total FCCB placement by the Company is US$ 40 million which is in compliance with the shareholders approval at the 21st Annual General Meeting held on September 26, 2007.
Elara Capital Plc, London has been the Lead Manager for the issue and Prabhudas Lilladher Advisory Services Pvt Ltd was the Indian Financial Advisors.
The Board has issued Global Certificate representing US$ 5 million in aggregate principal amount of Bonds.
posted by Admin at
Friday, October 26, 2007
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