Rupee's free-fall hits companies with outstanding FCCBs

Source: IRIS (08-JUN-13) Comments | Post Comment Fortis Healthcare announced the allotment of 550 Foreign Currency Convertible Bonds (FCCBs) of USD 100,000 each to International Finance Corporation (IFC), on a preferential basis, at an issue ...

Source: IRIS (21-MAY-13) Comments | Post Comment Pokarna has issued zero coupon Foreign Currency Convertible Bonds (FCCBs) aggregating to USD 12 millions in March 2007 which was due for redemption on Mar. 29, 2012. The company partially redeemed ...

Indian companies raised $1.12 billion through External Commercial Borrowings ( ECBs) and Foreign Currency Convertible Bonds (FCCB’s) in April 2013 to fund modernisation, overseas acquisition, importing capital goods and refinancing of old loans compared ...

Welspun Corp, the flagship company of $3.5 billion Welspun Group, today said it has part repurchased foreign currency convertible bonds (FCCBs) worth $24.4 million through open market route....

Aanjaneya Lifecare said on Monday that its board of directors has approved to reset the conversion price of foreign currency convertible bonds (FCCBs). The aforesaid conversion is subject to the approval of the members of the company. Shares of the company ...

Mumbai: Indian companies in April raised USD 1.13 billion from overseas markets through and foreign currency convertible bonds, down 77.8 percent from a month earlier. Indian firms had raised USD 5.08 billion from overseas markets in March 2013. Of ...

The Reserve Bank of India has today released the data on External Commercial Borrowings (ECB) and Foreign Currency Convertible Bonds (FCCB), both through Automatic Route and Approval Route, for the month of April 2013. Ajit Prasad Press Release

The won rose on speculation the currency's slide to a four-week low is prompting some South Korean exporters to convert overseas proceeds, and after the yen rebounded. Government bonds advanced. The yen gained the most in three weeks against the ...

The won erased an earlier loss on speculation exporters repatriated income to take advantage of the currency's decline to near a two-month low. The currency closed little changed at 1,130.59 per dollar in Seoul after falling as much as 0.4 percent ...