Jubilant Organosys Ltd has priced a US$ 200 million (approximately Rs 90 crore) unsecured and zero coupon, five years, foreign currency convertible bond issue due 2011 placed with international investors. The FCCB is convertible at 50 per cent premium at the conversion price of Rs 413.45 per Re 1 share.

The FCCB shall be listed on the Singapore Stock Exchange and shall be convertible into equity shares listed on National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) or GDSs to be listed on Luxemburg Stock Exchange at the option of the holder.

The proceeds of the issue will be used to fund acquisitions, capital expenditure for organic growth or any other permitted use. J P Morgan was the book runner of this transaction.