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| Exchange Disseminated Time | Wanbury Ltd has informed BSE that the Company has issued and allotted Foreign Currency Convertible Bonds (FCCB) of € 15 Million, in two parts namely Foreign Currency Convertible A Bonds and Foreign Currency Convertible B Bonds.
The Company has allotted 800 nos. Foreign Currency Convertible A Bonds of face value of € 10,000 each fully paid i.e. size of Bond A is € 8 Million fully paid.
Further the Company has allotted 700 nos. Foreign Currency Convertible B Bonds of face value of € 10,000 each partly paid. The paid-up amount is 10% i.e. size of Bond B is € 7 Million and paid-up amount is € 700,000.
The terms and conditions of FCCBs are as per the Offering Circular submitted to Luxembourg Stock Exchange ("LuxSE").
The Company will utilize the fund raised through FCCBs Issue for funding overseas acquisition, expansion, related diversifications, research & development and other permitted purposes in accordance with the end use restrictions specified in the External Commercial Borrowings Guidelines. |
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