Great Offshore allots FCCBs

Great Offshore Ltd has announced that pursuant to resolution passed by the Board of Directors at its meeting held on July 30, 2007 and subsequent approval granted by the shareholders at the Annual General Meeting held on August 29, 2007 for issue and allotment of Foreign Currency Convertible Bonds (FCCBs), the Securities Allotment Committee of the Board at its meeting held on October 05, 2007 allotted 7.25% Unsecured Foreign Currency Convertible Bonds (FCCB) aggregating to US$ 42,000,000, due in 2012, carrying a YTM of 7.25% and convertible into equity shares at a price of Rs 875/- per share.

The Bonds will be listed on the Singapore Stock Exchange Securities Trading Ltd.

Source : Equity Bulls

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