Searched for
FCCB DEFAULT
Suzlon Defaults on $172 million FCCBsShares are trading much below conversion price of ₹15.46/piece for the FCCB.- Suzlon stares at FCCB default, tells bondholders to hold onResolution hinges on banks’ approval of settlement plan, Brookfield deal.
- Suzlon offers to sell majority stake to Brookfield for settling loansSuzlon has offered a one-time settlement proposal to its lenders that entails potential stake sale to Brookfield that would infuse addition...
- Suzlon says repaid FCCBs worth $28.8 millionSuzlon Energy said Thursday it has repaid in cash foreign currency convertible bonds worth Rs 28.8 million in principal
- London Court asks Geodesic and Shiv-Vani Oil & Gas to clear duesIT firm Geodesic today said the London Court has directed it to pay Citibank a sum of $157.06 million (over Rs 976 crore).
- Auditors red flag Suzlon's ability to generate adequate cashSuzlon, grappling with tough business conditions, posted a consolidated net loss of Rs 1,075.25 crore in the three months ended December 20...
- Zenith promoters withdraw their appeal against winding-up orderPromoters of Zenith Infotech withdrew their appeal to SC against a Bombay HC order allowing winding up of Mumbai-based software firm.
- 67 per cent of FCCBs due for redemption in FY13 will default or restructure: Deep Mukherjee, India Ratings & Research"Close to 2/3rds of FCCBs will default as these had relatively weaker credit profiles to start with even in the peak 2007-2008 period," say...
- About 67 pc of FCCB due this fiscal likely to default: ReportAbout 67 pc of $1.51 billion-worth FCCB that are due for redemption in this fiscal may default or restructure by majority of issuers.
- Indian bonds yields flat ahead of Friday auctionDealers say immediate cues awaited are Friday's auction demand and cutoffs when India will sell Rs 130 billion of bonds.
- Suzlon's FCCB Default: September quarter numbers may be disappointingAnother immediate concern for investors of the company is Suzlon Energy's dismal financial performance in the absence of adequate working c...
- Lenders consider Suzlon Energy's debt recast after it's FCCB rollover failureOn Thursday, Suzlon Energy said that bondholders have disagreed to rollover $220 FCCB for four months.
- Many Indian companies would have to restructure FCCB Bonds: S&PThe slump in stock markets globally and the fall in the value of the Indian rupee against the US dollar over the past two years are hurting...
- Fitch sees 20% of $7-bn FCCB redemptions failing this yearThe report says of the 31 corporates in the 'likely to redeem' category, five are better-placed to redeem their FCCBs using a financing opt...
- Nearly 20% of $7-billion foreign currency convertible bonds face default risk this year, says FitchNearly 20% of the $7-bn FCCBs face default risk this year as investors demand funds back due to languishing stock prices.
- Cranes Software faces Bank of New York Mellon's winding-up petitionAfter Wockhardt and Karur KCP Packagings, another Indian co is headed for a tussle with offshore investors holding FCCBs issued by it.
- FCCB repayments may test Indian cosIndia Inc is bracing up for repayment of foreign currency convertible bonds (FCCBs) as they fast approach the maturity or conversion dates ...
- Wockhardt fails to reach a settlement with FCCB holdersInvestors in the company's foreign currency convertible bonds told the Bombay High Court on Wednesday that they want to proceed with the wi...
- Hedge funds seek closure of Venus RemediesUS-based hedge funds DE Shaw and Citadel Investment Group have filed a winding-up petition against Venus Remedies, after the Chandigarh-bas...
- Banks to take FCCB defaults hitLocal companies beginning to default on payments to FCCB holders - an event which till the other day was considered only a distant possibil...
Load More
