ZEEL approved $239 million FCCB issuance to fund sources after Sony merger termination.

Zee Entertainment Enterprises Limited (ZEEL) has received approval to issue $239 million foreign currency convertible bonds (FCCBs) to Resonance Opportunities Fund, St John's Wood Fund Ltd, and Ebisu Global Opportunities Fund. The FCCBs, maturing in 10 years, carry a 5% coupon rate and will not be listed on stock exchanges. This fundraising round is the first since Sony Corporation terminated its merger deal with ZEEL.

August 13, 2024
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