(Reuters) - The bonds, which are linked to the consumer price index,
have an average duration of 5.6 years and include long-term
non-convertible bonds redeemable in six equal annual instalments
between 2011 and 2016, and long-term convertible bonds
redeemable in 2013, both with an annual interest rate of 8
percent.
The offering also included 5,800 warrants, each exercisable
for four years, for one Tower ordinary share at a price of
$2.04. Tower's Nasdaq-listed shares closed at $1.56 on Tuesday.
Read more at Reuters.com Bonds News
have an average duration of 5.6 years and include long-term
non-convertible bonds redeemable in six equal annual instalments
between 2011 and 2016, and long-term convertible bonds
redeemable in 2013, both with an annual interest rate of 8
percent.
The offering also included 5,800 warrants, each exercisable
for four years, for one Tower ordinary share at a price of
$2.04. Tower's Nasdaq-listed shares closed at $1.56 on Tuesday.
Read more at Reuters.com Bonds News
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