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KSL completes $80m FCCBs

MUMBAI : KSL Realty and Infrastructure (KSL), a textile and real estate company, has issued $80m (Rs. 327 crore) of foreign currency convertible bonds (FCCBs). The bonds will have a maturity of five years and one day and will be convertible into common equity shares of the company at a conversion price of Rs. 252.945 per share. The bonds will mature on May 19, 2012. The underlying equity shares on conversion will be traded on the BSE. The bonds are listed on the Singapore Stock Exchange, says a release.

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