(RTTNews) - Telecom software product company Subex Ltd., in filing with Bombay Stock Exchange, said its board had approved issuance of $98.7 million or around Rs.464 crore convertible unsecured bonds of $100,000 or integral multiples of $1,000 each, with a coupon rate of 5%.

The initial conversion price of the bonds is Rs.80.31. The bonds will mature on March 9, 2012.

The company said the bonds would be listed on the Singapore Exchange Securities Trading Ltd,.

Barclays Capital acted as sole dealer manager to this transaction.

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