Wanbury Limited issued 1% Unsecured Foreign Currency Convertible Bonds(FCCB) of Euro 15 Million in two tranches namely FCCB (A Bonds) of Euro 8 Million fully paid-up and FCCB (B Bonds) of Euro 7 Million 10% paid-up, vide its Offering Circular dated April 20, 2007.

The B Bonds have now been subscribed by Deutsche Bank. The B Bonds are listed on the Luxembourg Stock Exchange with a conversion price of Rs. 175 /- per share, The proceeds from the issue will be used to finance the development plans post the Spanish acquisition.