United Phosphorus grows investor base

Unusual two tranche structure for Indian agro chemical company.
December 11, 2005

United Phosphorus, one of the world's top five generic agro chemical companies, raised $140 million from a two tranche CB last Friday (December 9). The UBS-led deal differs from most Indian CB in that it forsook a hefty conversion premium in favour of a high degree of equity sensitivity.

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