Geodesic Information alltos FCCBs worth US$ 125 Million

Geodesic Information Systems Ltd has announced that the Board of Directors of the Company at its meeting held on January 17, 2008, has issued and allotted US$ 125,000,000 (US$ One Twenty Five Million Only) unsubordinated, unsecured Foreign Currency Convertible Bonds due 2013. The Bonds will be convertible into Geodesic ordinary shares, quoted in Indian Rupees ("Rs."). The five year bonds are expected to be zero coupon, carrying a yield to maturity of 6.60% per annum.

Source : Equity Bulls

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