Suzlon News
Struggles ahead for India Inc in convertible bonds
Reliance Communications was lucky a China connection meant it could borrow $1.2 billion to refinance a maturing foreign currency convertible bond. Other Indian companies may not be so lucky. Nearly two dozen Indian firms have an outstanding $5.8 billion in foreign currency convertible bonds (FCCBs) that mature in 2012, brokerage Kotak Securities says. Many will have to redeem the bonds because their
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