Amtech Auto raises $75 mln via FCCBs

Newswire

MUMBAI, Sept 30 (Reuters) - Amtek Auto Ltd said on Wednesday it has issued an additional $75 million of foreign currency convertible bonds (FCCB), taking its total borrowing under this route to $140 million. The company said on Sept 11 it has raised $65 million via FCCBs at a coupon of 5.625 percent and maturity of 5 years and 1 day, with a initial conversion price of 148.40 rupees a share. The new FCCBs were issued under the same terms, it said. Amtek Auto still has an option to raise ...

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