The company on 28 April 2006, successfully closed and completed the FCCB issue aggregating to USD 79.90 million divided into two tranches of USD 40 million (Tranche A bond) and USD 39.90 million (Tranche B bond). The said issue was launched and priced on 18 April 2006.
Tranche A bond has a maturity of 6 years, conversion premium of 40% and Yield to Maturity (YTM) of 6%, while Tranche B bond has a maturity of 7 years, conversion premium of 60% and YTM of 6.50%.
The issue evoked significant interest from leading investors across the world for both tranches and was substantially oversubscribed.
Both the tranches of the bonds are listed on the Singapore Stock Exchange.