Tata Power - Updates

Tata Power Company Ltd has informed BSE that the Company on November 06, 2009 has launched and priced a US$250 Million + upsize option of US$50 Million, 5 years and 1 day, 1% - 1.75% coupon Foreign Currency Convertible Bond (Bonds) offering, subject to fulfilment of certain conditions to the closing of the Issue. The Bonds are convertible at 10% premium over the closing price of the Company's shares on National Stock Exchange of India Ltd. on November 05, 2009 listed and bear a yield to maturity of 3.5% p.a. calculated on a semi-annual basis. These Bonds are expected to be listed on the Singapore Stock Exchange.

Nomura is the Sole Underwriter and Book runner to the offering.