Amtek greenshoe partly exercised, raising convertibles to $165 million

New York, Oct. 29 - Amtek Auto Ltd. said the underwriters of its recent sale of foreign currency convertible bonds exercised $25 million of the $35 million greenshoe, increasing the offering to $165 million.

Amtek priced the original $140 million in two stages, in tranches of $65 million and $75 million. They were priced to yield 5.625% with a conversion price of Rs. 148.40.

Jefferies International Ltd. was the bookrunner and manager of the Regulation S offering.

Proceeds will be used to repay debt.

Amtek Auto is a New Delhi-based auto parts maker.

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