This item is part of Stockwatch's value added news feed and is only available to Stockwatch subscribers.Here is a sample of this item:Sterlite Industries (India) Limited Announces Pricing of Convertible Senior Notes Offering 2009-10-15 22:19 ET - News Release  MUMBAI, India -- (Business Wire)
Sterlite Industries (India) Limited (“Sterlite” or the “Company”)
announces that it has priced its public offering (the “Offering”) of
$500 million aggregate principal amount of Convertible Senior Notes (the
“Notes”). The Notes are convertible into the Company’s American
Depositary Shares (“ADSs”) at an initial conversion price of
approximately $23.33 per ADS, subject to adjustment in certain events.
The Notes have a maturity date of October 30, 2014 and will bear
interest at the rate of 4.00% per annum.
The Offering is expected to settle on October 29, 2009. Any change in
the settlement date will be notified to investors through a press
release which will be posted on the Sterlite’s website at www.sterlite-industries.com.
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