Date:09/01/2008 URL: http://www.thehindu.com/2008/01/09/stories/2008010953411800.htm

Business - Briefly

Bartronics completes FCCB issue

HYDERABAD: Bartronics India has announced the successful issuance of $50 million ‘zero coupon’ unsecured foreign currency convertible bonds (FCCB). The bonds would have a maturity of five years and were convertible at a price of Rs. 290, a premium of around 20 per cent over the current market price. The FCCB funds would be used to fund the U.S. and Southeast Asian operations and acquisitions. — Special Correspondent