Investors stay tuned to Zee CB

A second Indian convertible pushes out aggressive terms.

Cable and satellite operator Zee Telefilms followed Tata Motor into the convertible bond market yesterday (Tuesday) with a smaller but only marginally less aggressive convertible bond deal. Terms for the $85 million deal were pitched either side of parity, then priced through it after order books closed more than 10 times covered despite a 10% cap on individual orders.

Sign in to read on!

Registered users get 2 free articles in 30 days.

Subscribers have full unlimited access to FinanceAsia.

Not signed up? New users get 2 free articles per month, plus a 7-day unlimited free trial.

Questions?
See here for more information on licences and prices, or contact [email protected].

Share our publication on social media
Share our publication on social media