Foreign Currency Bonds

RECENT NEWS
The Hindu Business Line  Jan 12  Comment 
Adani Ports and Special Economic Zone Ltd (APSEZ) today said its board has approved raising $500 million (over Rs 3,400 crore) by issuing foreign currency denominated bonds. “The finance committee ...
The Economic Times  Jan 11  Comment 
The state-owned utility will conduct road shows in Europe starting Monday. The bonds will be offered as part of a programme to borrow $4 billion to meet funding requirements.
The Hindu Business Line  Jun 16  Comment 
Power Finance Corporation said on Monday that the company will raise $1 billion through foreign currency denominated bonds. In a filing with the BSE, the company said that Barclays B...
The Hindu Business Line  Jun 15  Comment 
Power Finance Corporation (PFC) today said that it will raise external commercial borrowings (ECBs) worth $1 billion. Barclays Bank PLC, Standard Chartered Bank and SBICAPS (Singapore) Lt...
The Economic Times  Nov 14  Comment 
Clarification from Ministry of Corporate Affairs, which is implementing Companies Act, has come after consultations with the Finance Ministry & Sebi.
The Economic Times  May 13  Comment 
Though the company didn’t specify the size of the offerings, according to an executive it will raise a minimum of $500 million in each currency.
The Hindu Business Line  Mar 20  Comment 
Bank of India’s $500-million Foreign Currency Bonds issue, which hit the market on March 14, has been oversubscribed 5.4 times. It is significant for being the first bond transaction by BoI...
The Hindu Business Line  Mar 7  Comment 
Karuturi Global Ltd has got bond holders approval for restructuring of outstanding foreign currency convertible bonds (FCCBs) amounting to $39 million.The company in a release to ex...
The Hindu Business Line  Aug 22  Comment 
How Tulip Telecom is going to meet its FCCB repayment obligations, wonders the rating agency, Fitch. Downgrading Tulip to ‘rating watch negative’, Fitch notes that there is a gap between the telec...




 

A foreign currency bond is a type of convertible bond issued in a currency different than the issuer's domestic currency. The money being raised by the issuing company is in the form of a foreign currency. A convertible bond is a mix between a debt and equity instrument. It acts like a bond by making regular coupon and principal payments, but these bonds also give the bondholder the option to convert the bond into stock.

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