By Sarah Lizee
Olympia, Wash., April 9 – Apollo Tyres Ltd. allotted Rs. 5 billion 8¾% secured redeemable nonconvertible debentures due April 9, 2030, according to a notice filed with the Bombay Stock Exchange.
The allotment was approved by a committee of the company’s board of directors on Thursday.
The debentures were issued as a private placement but will be listed on the National Stock Exchange of India Ltd.
The Gurgeon, India, company manufactures tires.
| Issuer: | Apollo Tyres Ltd.
|
| Issue: | Secured redeemable nonconvertible debentures
|
| Amount: | Rs. 5 billion
|
| Maturity: | April 9, 2030
|
| Coupon: | 8¾%
|
| Allotment date: | April 9
|
| Distribution: | Private placement
|
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