FCCB

Telecom services major Reliance Communications today said it has received RBI approval for the refinancing for redemption of its outstanding FCCBs (Foreign Currency Convertible Bonds) worth Rs 5,825 crore.

"RCom

Reliance Communications today said it has tied up refinancing for outstanding FCCBs (Foreign Currency Convertible Bonds) worth Rs 6 125 crore.

"Reliance Communications (RCom) has tied up refinancing for maturity

The Reserve Bank of India (RBI) on Thursday eased the raising of foreign debt. It has revised the average maturity of external commercial borrowings (ECBs) so as to avoid

After cheap toys, consumer goods and other manufactured products, cheaper loans could be the next major Chinese import into India, and the credit may go to a potential FCCB crisis

Leading research firm Crisil has warned that the continuing fall in the equity markets will put tremendous pressure on India Inc to redeem their FCCBs worth around Rs 24,000 crore.

The sword of foreign currency convertible bonds (FCCBs) is dangling over several large and mid-cap companies, including Aban Offshore, Hindustan Construction, Moser Baer, Reliance Communications, Sakthi Sugar and Suzlon Energy.