LUCAS INDUSTRIES CONVERTIBLE BOND INCREASED, FIXED
Lucas Industries Inc's convertible
eurobond has been increased to 83 mln dlrs from the initial 75
mln dlrs due to strong demand for the deal, lead manager J.
Henry Schroder Wagg and Co Ltd said.
    The coupon has been set at 5-1/4 pct. The conversion price
is fixed at 640 pence per share, representing a premium of
11-1/2 pct over yesterday's mid-price close of 574 pence.
    The seven year put option was priced at 118 pct to give the
investor a yield to the put of 7.31 pct. The foreign exchange
rate was fixed at 1.6030 U.S. Dlrs to one stg. The borrower is
a unit of Lucas Industries Plc <LUCS.L>.

 REUTER
