Suzlon redeems USD 28.8 million FCCBs via internal accruals

 Wind energy solutions provider Suzlon Group today said it fully redeemed USD 28.8 million (about Rs 192 crore) foreign currency convertible bonds (FCCBs) through cash payout from internal accruals.

India Inc's Dec foreign borrowing jumps over 4-fold at $3.03 billion

India Inc's Dec foreign borrowing jumps over 4-fold at $3.03 billion

Of the total borrowings during the month, USD 1.13 billion was raised through approval route, while USD 1.90 billion came through automatic route.

 

Videocon to raise Rs 641 crore through FCCBs

Credit Suisse is the sole bookrunner for the offering.

Ease end-use curbs for issuance of ECBs, FCCBs: Assocham

To facilitate long-term fund raising by infrastructure companies, industry body Assocham has demanded easing of end-use restrictions for issuance of commercial borrowings (ECBs) and foreign currency convertible bonds (FCCBs).

Indian firms raise $4.56 bn from foreign markets in Dec

Indian companies raised USD 4.56 billion from the overseas market in December, twice as much as they did in the previous month, through external commercial borrowings and foreign currency convertible bonds.

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).

Corporates given additional 9 months to pre-pay foreign loans

The Reserve Bank on Tuesday extended the scheme for corporates to get rid of their overseas loans by pre-paying them as weak rupee increases their debt obligation.

Indian cos raise $5.08 bn in Mar via ECBs, FCCBs

Indian companies raised about USD 5.08 billion from overseas markets in March, as against USD 2.34 billion through ECBs and Foreign Currency Convertible Bonds in the previous month.

Welspun Corp repurchases FCCBs worth $24.4 mn

Welspun Corp, the flagship company of USD 3.5 billion Welspun Group, Friday said it has part repurchased foreign currency convertible bonds (FCCBs) worth USD 24.4 million through open market route.

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.

Indian cos raised $4.29 bn from overseas markets in Oct

Indian companies raised USD 4.29 billion (about Rs 23,300 crore) from overseas markets in October, up from USD 2.77 billion (around Rs 15,000 crore) in the previous month.

Tulip hopes to repay $140 mn FCCBs by month end

Foreign Currency Convertible Bonds (FCCBs) are a loan instrument used to borrow money from overseas markets.

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.

Bondholders reject more time to repay $221 million debt: Suzlon

In an eventful day for Suzlon, its bond holders Thursday said no to extending redemption time, while lead lender SBI suggested merger of its German arm REpower with the parent to improve group profitability.

Tata Steel to pay $471 mn to FCCBs redemption

Tata Steel Tuesday said it will pay USD 471.17 million (around Rs 2618.3 crore) to holders of its foreign currency convertible bonds (FCCBs) that are maturing on September 5.

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.

Suzlon redeems FCCBs worth $360 mn

Wind turbine maker Suzlon Group Friday said it has repaid USD 360.2 million (about Rs 1,993 crore) worth foreign currency convertible bonds.

Suzlon in advanced stage to raise $300 mn

The wind turbine maker in a statement on Monday said it was in "advanced stage of raising up to USD 300 million as new facilities from senior secured lenders".

RCom pays $1.18 bn to redeem outstanding FCCBs

FCCBs are bonds that are issued in currencies different from the issuing company’s domestic currency.

Indian firms raised $1.58 bn in Nov through ECBs, FCCBs

India Inc raised over USD 1.58 billion from overseas markets in November through external commercial borrowings and foreign currency convertible bonds.