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www.fdanews.com/articles/84404-panacea-raises-100-m-via-fccbs

PANACEA RAISES $ 100 M VIA FCCBS

February 8, 2006

Pharmaceutical company, Panacea Biotec Ltd has raised $100 million through the issue of foreign currency convertible bonds (FCCBs), which would be listed on the Singapore Stock Exchange. The bonds, having a tenure of 5 years were offered in two tranches with conversion premiums based on future price of the underlying equity shares, the company informed the Bombay Stock Exchange.

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