09-Jul-2026 13:49:29

DAVANGERE SUGAR COMPANY LIMITED : RAISES $100 MILLION FROM FCCB ISSUANCE

• The company approved the allotment of unsecured foreign currency convertible bonds (FCCBs) for USD 100 million. • The bonds will be issued at a 15% discount to the issue price. • The aggregate amount is USD 100 million, with 1000 FCCBs allotted, each with a face value of USD 100,000. • Coupon rate is 2% per annum, with a tenure of up to 5 years (maturity on July 9, 2031). • The Board of Directors considered and approved the allotment at a meeting held on July 9, 2026.

Davangere Sugar Company Limited

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