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.