Fccbs

Educomp denies cutting staff; shares up

Educomp solutions, a listed education company, is on a massive restructuring spree as it has dismissed five percent, or 750 employees.

Now a bailout fund to help companies redeem FCCBs

The government and the Reserve Bank of India are in discussions to create a fund to help redeem FCCBs. The RBI expects $4-5 billion FCCBs to come up for redemption this year.

12 firms to default in 2012. Are FCCBs losing their charm?

Calendar year 2012 seems to be the year of reckoning for foreign currency convertible bonds (FCCBs) as almost $ 7 billion worth of bonds are set to mature this year.

India firms raised $3.37 bn from overseas markets in May

<br /><br /> Man Industries and Surana Power raised $55 million each for redemption of FCCBs and import of capital goods.

RBI to continue buyback of foreign convertible bonds

The buyback scheme would lapse after 31 March, the RBI said.

JSW Steel pays Rs 2,200 cr for FCCB redemption

Steel major JSW paid Rs 2,200 crore for redemption of foreign currency convertible bonds (FCCB) issued in 2007, with this the company said that it has fully discharged its obligation to Citibank London.

Will China help Indian cos overcome FCCB woes?

Loans from Chinese banks could become an attractive funding source for some FCCB issuers.

Zenith's FCCB default: Is it a case of can't pay or won't pay?

Zenith Info seems to have cash on its balance-sheet, but it has still defaulted on its FCCBs. What gives?

One by one, India Inc's fund-raising options are shutting down

In 2011, India Inc's sources of funding started drying up. External borrowings - the only big hope - are now a fading option as the rupee crashes

Companies in FCCB bind unleash some dirty tricks

The experience of Indian companies and bondholders alike has not been good with Foreign Currency Convertible Bonds. If there are a large number of defaults over the next 12-15 months that might well be the last nail in the coffin for this debt instrument.