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Reliance Communications Limited — Capital/Financing Update 2018
Aug 24, 2018
61037_rns_2018-08-24_81066e41-871c-4905-aae6-0cc1834cf4b4.pdf
Capital/Financing Update
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Reliance Communications Limited Dhirubhai Ambani Knowledge City Navi Mumbai 400 710.
Tel : +91 022 3038 6286 Fax: +91 022 3037 6622 www.rcom.co.in
August 24, 2018
The General Manager Corporate Relationship Department BSE Limited Phiroze Jeejeebhoy Towers Dalal Street, Fort, Mumbai 400 001 Fax No.: 2272 2037/39/41/61/3121/3719
BSE Scrip Code: 532712
The Manager National Stock Exchange of India Ltd. Exchange Plaza, C/1, Block G Bandra - Kurla Complex, Bandra (East) Mumbai 400 051 Fax No.: 2659 8237 / 38/8347/48 / 66418124/25/26
NSE Symbol: RCOM
Dear Sir,
Sub: Media Release
We enclose herewith the Media Release dated August 24, 2018 being issued by the Company which is self explanatory.
Kindly inform your members accordingly.
Yours faithfully
For Reliance Communications Limited
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Prakash Shenoy Company Secretary
Encl: as above.
Registered Office: H Block, 1[st] Floor, Dhirubhai Ambani Knowledge City, Navi Mumbai 400 710
CIN : L45309MH2004PLC147531
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RELIANCE COMMUNICATIONS HOLDERS OF US$ 300 MN BONDS APPROVED THE MONETIZATION AND EXCHANGE OFFER WITH OVERWHELMING MAJORITY OF OVER 83%
BONDHOLDERS TO RECEIVE MONETIZATION PROCEEDS UPTO US$ 118 MN
BALANCE AMOUNT OF US$ 182 MN TO BE EXCHANGED FOR US$ 55 MN BONDS OF GCX
GCX BONDS WILL BE UNSECURED AND HAVE COUPON OF 0.1% WITH TENURE OF 4 YEARS
Mumbai, August 24, 2018 : Reliance Communications Limited (RCOM) Bond holders, approved the exchange offer of US$ 300 million Bonds with overwhelming majority of over 83%, at their meeting held today on August 24, 2018, at London,
Pursuant to the Exchange Offer, the Bond Holders will receive monetization proceeds upto US$ 118 mn.
The balance amount of US$ 182 mn will be exchanged with US$ 55 million Bonds to be issued by Global Cloud Xchange Limited (GCX), a foreign subsidiary of RCOM.
The New GCX Bonds will be unlisted, unsecured and shall have half yearly coupon of 0.1% with tenure of four years.
For details, please contact: Rajeev Narayan Reliance Communications Mobile: +91 9310414119 E-Mail: [email protected]
Reliance Communications Limited, Registered Office: H, Block, 1st Floor, Dhirubhai Ambani Knowledge City, Navi Mumbai – 400 710 Tel: 022-3038 6286, Fax: 022-3037 6622 CIN No: L45309MH2004PLC147531