Grabal Alok Impex completes FCCB issue

Grabal Alok Impex Ltd has announced that on March 06, 2007, the Company has completed issue of the International Offering of unsecured Foreign Currency Convertible Bonds (FCCBs) issue of face value of U.S. $ 25 million divided into U.S. $ 5 million Zero Coupon Convertible Bonds due 2012 (Series A Bonds) mandatorily Convertible into ordinary shares and U.S. $ 20 million - 1% Convertible Bonds due 2012 (Series B Bonds) Convertible into ordinary shares on the terms and conditions described in the Offering Circular. It may be noted that the Series B Bonds are listed on the Singapore Exchange Securities Trading Ltd.

Source : Equity Bulls

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