Piramal markets CBs, GIC Re in the clear

India’s Piramal Enterprises is in the market with an unusual sale of mandatory convertible bonds through a qualified institutional placement, part of a fundraising drive to that could fetch up to Rp70bn ($1.1bn).

  • By John Loh
  • 13 Oct 2017

The equity-linked notes were launched on Thursday evening following board approval, the company said in a filing.

Citi, Kotak Mahindra Capital and Morgan Stanley and Motilal Oswal are the lead banks on the placement, which is offering compulsorily convertible debentures (CCDs) that pay an annual interest of ...

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1 CITIC Securities 11,427.98 67 5.99%
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