General Announcement::Issue of Foreign Currency Convertible Bonds

Issuer & Securities

Issuer/ Manager
3I INFOTECH LIMITED
Securities
3IINFOTECH US$2.435MCB170726 - XS0308551166 - 3JDB
3IINFOTECUS$125.356M5%CB170426 - XS0769181982 - 2CCB
Stapled Security
No

Announcement Details

Announcement Title
General Announcement
Date &Time of Broadcast
06-Jul-2016 03:38:28
Status
New
Announcement Sub Title
Issue of Foreign Currency Convertible Bonds
Announcement Reference
SG160706OTHRQLPN
Submitted By (Co./ Ind. Name)
3i Infotech Limited
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
As recommended by the Board of Directors of the Company (the Board ) in its meeting dated February 11, 2016, the FCCB Committee of the Board at its meeting held on July 5, 2016 has approved the following:

(i) Issuance of foreign currency convertible bonds of up to USD 52,000,000 ( New Bonds ) to the existing bondholders of the Company, in exchange for the existing foreign currency convertible bonds, i.e., USD 125,356,000 5 per cent. convertible bonds due 2017 (the 5 per cent Bonds ) and USD 2,435,000 4.75 per cent. convertible bonds due 2017 (the 4.75per cent Bonds , and together with the 5 per cent Bonds, the Existing Bonds ); and

(ii) Amendment to the terms of the Existing Bonds (to the extent not exchanged pursuant to the exchange offer).

The New Bonds will be listed on Singapore Exchange Securities Trading Limited and the FCCB Committee has decided to open the Issue on July 5, 2016. The floor price for the conversion of the bonds shall be Rs.10 (the face value).

The Company has also issued notices to convene a meeting of the holders of the Existing Bonds on July 27, 2016 for approving the aforesaid amendments to the terms of the Existing Bonds.

Attachments

FCCB intimation - SGX.pdf
ISIN XS0308551166 Bonds Notice.pdf
ISIN XS0769181982 Bonds Notice.pdf
Exchange Offer Memorandum.pdf
Total size =7242K