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.
- 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...
- Suzlon's FCCB default: Company can buy more time to arrange funds, but analysts advise exit
Suzlon's announcement that it may not be able to repay FCCBs worth over $200 million sent its stock price crashing by more than 5% intra-da...
- 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.
- Suzlon repays $360 million FCCB
Suzlon Energy on Friday said that it has redeemed foreign currency convertible bonds liability worth $360 million by repaying in cash.
- Suzlon Energy may get 45-day breather on FCCB repayment
Suzlon has sought the extension from bondholders to repay FCCBs maturing on June 12 while it's trying to raise as much as $300 million.
- Suzlon Energy, strong growth ahead, but huge debt a deterrent
Suzlon Energy has managed to secure orders & amass a huge order backlog at a time when others in the industry are struggling to win new ord...
- Rupee fall to increase FCCB repayment burden: Firstsource CEO
Every one Re 1 fall against the dollar will increase the FCCB loan burden on back office firm Firstsource Solutions by $ 3 million, its CEO...
- 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.
Fortis Healthcare hit by governance issues; share down 25% since intra-group dealAt $665 million, the listed Indian entity is paying $115 million, or 20%, more to buy the unlisted overseas healthcare business owned by it...
- How FCCBs can change fortunes
FCCBs look irresistible & a cheap source of fin in a bull market. But when chips are down, a non-conversion can reverse the fortunes.
- India Inc looks at China as FCCB crisis looms large
Indian companies have begun exploring possibility of getting cheaper loans from China to meet their other costlier foreign borrowing obliga...
- India Inc overseas borrowing down 9 pc to $2.35 bn in November
Overseas borrowing by India Inc declined by 9 per cent in November to $2.35 bn compared to the previous month.
- India Inc overseas borrowing increases 65 pc in May
Overseas borrowings by India Inc increased by 65 per cent to $494 million in May compared to the previous month.
- R-Comm raises $1b via jumbo FCCB issue
Reliance Communications (RCL) has raised $1 billion through foreign currency convertible bonds (FCCBs) in the largest-ever FCCB issue from ...
- India Inc's overseas fund raise to $17bn in FY06
Domestic corporates have raised over $17 billion from the overseas debt and capital markets in FY06, a record issuance on the back of compe...