Helios & Matheson yield bonds

By agencies   |   Tuesday, 11 July 2006, 19:30 IST
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MUMBAI: Helios And Matheson Information Technology Limited has informed the National Stock Exchange that it has raised $20 million through issue of Unsecured Foreign Currency Convertible Bonds (FCCBs) in the international market. The five-year bonds, convertible at a price of $3.95 (Rs 183) per share carry a option for $5 million, with a two per cent coupon and a yield to maturity of 8.50 per cent calculated on semi-annual basis.