India Inc News
RBI may allow costlier FCCBs for pre-payment Facing huge redemption pressure on funds raised via foreign currency convertible bonds (FCCBs), India Inc has requested the Reserve Bank of India (RBI) to allow companies to offer higher interest rates on fresh foreign currency loans or bonds, the proceeds of which will be used to pre-pay existing FCCBs. The current norms mandate if a company wants to pre-pay FCCBs via fresh foreign loans or bonds,
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