According to reports, Bangalore-based jewellery manufacturer Rajesh Exports Ltd will allot unsecured Foreign Currency Convertible Bonds (FCCB) of $100,000 each for an aggregate amount of $150 million, to be listed on the Singapore Stock Exchange. %% The bonds, which will be due 2012, have a conversion price of Rs.575.00 ($13) and a yield to maturity (YTM) of 8 per cent. Silverdale Services Ltd, London, is the sole lead manager for the offering and UTI Bank Ltd the advisor. %% The company said these raised funds of over Rs.660 crore ($150 mn) will be used to acquire retail chains abroad, augmenting the capacity of its gold jewellery outsourcing business, launching diamond studded jewellery and for strengthening its retail presence.