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FCCB DEFAULT
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 auction
Dealers 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 disappointing
Another 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 failure
On 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&P
The 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 year
The 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 Fitch
Nearly 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 petition
After 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 cos
India 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 holders
Investors 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 Remedies
US-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 hit
Local companies beginning to default on payments to FCCB holders - an event which till the other day was considered only a distant possibil...