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Suzlon bondholders approve FCCB restructuring proposal

Wind turbine maker Suzlon Energy Thursday said its bondholders have approved the proposed restructuring of existing bonds including the terms and conditions of the new FCCBs.

Better biz environment ups India ECB borrowings at $4.3 billion in Feb

Showing signs of uptick and confidence in Indian business environment, external commercial borrowing (ECB) by Indian companies rose to USD 4.3 billion in February 2014.

India Inc raises $3.71 bn in July via ECB, FCCB routes

India Inc raised over USD 3.71 billion from overseas markets in July through external commercial borrowings (ECBs) and foreign currency convertible bonds (FCCBs).

India Inc raises over $3.5 bn in Jan via ECBs, FCCBs

India Inc raised over USD 3.51 billion from overseas markets in January through external commercial borrowings and foreign currency convertible bonds.

FCCBs of 17 cos unlikely to be redeemed on time in FY'13'

"For the remaining period of this fiscal, FCCBs worth USD 1.51 billion belonging to 23 companies are due. We expect that 67 percent of the outstanding dues belonging to 17 companies are unlikely to be redeemed on time. These may be restructured or go into outright default," India Ratings said in a report here.

About 67% of FCCB due this fiscal likely to default: Report

About 67 percent of USD 1.51 billion-worth foreign currency convertible bonds that are due for redemption in this fiscal are likely to default or restructure by majority of issuers, a report has said.

Indian firms raised $1.99 bn from overseas markets in June

Indian companies raised USD 1.99 billion from overseas markets in June, lower than USD 3.37 billion in the previous month, the Reserve Bank said Wednesday.

Tata Steel okays exchange offer for securities worth $ 875mn

Tata Steel on Thursday said it has approved an exchange offer for an existing USD 875 million securities into foreign currency convertible bonds to reduce the company`s future debt obligations.