Helios & Matheson FCCB Issue - Green-shoe option exercised

With reference to the earlier announcement regarding successful closing of the subscription for 2% Foreign Currency Convertible Bonds (FCCBs) of USD 20 million out of the total, issue size of USD 25 million (including a green-shoe option of $ 5 million), Helios & Matheson Information Technology Ltd has announced that the Lead Manager has exercised the green-shoe option for USD 5 million in the international market at a further premium of $ 3841.50 per bond and the Company has allotted the same.

Source : Equity Bulls

Keywords