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Wanbury has issued and allotted FCCBs of € 15-million in two parts namely foreign currency convertible A bonds and foreign currency convertible B bonds.
The company has allotted 800 foreign currency convertible A bonds of €10,000 each fully paid i.e. size of bond A is € 8-million fully paid.
Further the company has allotted 700 foreign currency convertible B bonds of €10,000 each partly paid. The paid-up amount is 10% i.e. size of bond B is € 7-million and paid-up amount is €700,000.
The company will utilize the fund raised through FCCBs Issue for funding overseas acquisition, expansion, related diversifications, research & development and other permitted purposes.
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