What’s Being Twittered About Bond Yields
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New Hybrid Bonds Gain Favor
Lloyds’ own variation, called a “contingent convertible,” or CoCo bond, was designed to convert to equity if the bank hit certain stress levels. Global policy makers, including those at the U.K.’s Bank of England, have suggested that such instruments could make the … India and China – the so-called BRIC countries – with excellent perspectives, as far as their impact on world economic growth is concerned …
Closing Bell
… holders have arrived at an amicable settlement agreement pertaining to the redemption of the $12-million foreign currency convertible bond (FCCB) issue. …
Venus Remedies settles dispute with FCCB holders
Drug firm Venus Remedies today said it has reached a settlement with bond holders pertaining to a dispute related to $12 million foreign currency convertible bonds (FCCBs). http://bit.ly/8Zw9t5. via Ping.fm · Loading mentions Retweet …
My Journey To Billionaire Club: List of Best Equity Funds India
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John Calamos Makes the Case for Convertible Bonds – BusinessWeek
Convertible bonds trounced the rebounding stock market in 2009, with the Merrill Lynch All Convertibles All Qualities Index returning 49.1% to the S&P 500’s 26.5%. Investors noticed, and assets flowed into convertible bond mutual funds.
The numbers don’t lie. But beware of one of the oldest mistakes investors make. Investing this year and next year in last year’s winner is usually a very bad idea. It is possible convertibles will repeat their stellar performance again. It is also possible they won’t. Keep your eyes and minds open.
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FCCB holders help save debt blushes for India Inc
MUMBAI: Despite uncertain market conditions, some holders of foreign currency convertible bonds (FCCBs) have exercised their option to convert bond holdings …
Fame India shares gain on higher open offer talks
With share price inching towards Rs 90, Fame India might see conversion of its foreign currency convertible bonds. “Fame’s FCCBs are coming up for …
Vedanta launches USD 775 million convertible bond
Reuters reported that Vedanta launched USD 775 million convertible bond issues on Tuesday, seeking to refinance debt at lower interest rates. …
$805 mn bond issue by Vedanta rated ‘BB’ by Standard & Poor’s
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India Inc’s overseas takeover party resumes after a year
… raised about $4.7 billion (Rs 21620 crore) in the current financial year through American Depository Receipts, Foreign Currency Convertible Bonds etc. …
Hold Tata Power, target Rs 1499: Firstcall Research
Vedanta returns to CB market
London-listed Indian metal and mining firm Vedanta Resources returned to the convertible bond (CB) market, raising US$805 million from a seven-year CB on …
Karuturi to raise Rs 700 cr through FCCBs, debt
FCCBs are convertible bonds and is a mix of debt and equity. It acts like a bond by making regular coupon and principal payments, but these bonds also give …
Inox to raise bid price for Fame India
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Vedanta ups convertible bond offer to $805 mln
LONDON (Reuters) – Indian-focused mining group Vedanta priced $805 million of convertible bonds on Wednesday — $30 million more than announced — with a 4 percent coupon.
Closing Bell
2:50 pm: Grabal Alok Impex Ltd had issued 2.50%, 400 unsecured Foreign Currency Convertible Bonds (FCCBs) of the face value of $25000 each aggregating to …
Munjals Sell Stake in Hero Chassis
(BS) Vedanta To Raise $775 mn From Covertible Bonds – London-listed Vedanta Resources, controlled by billionaire Anil Agarwal, will issue convertible bonds …
Morning news wrap: Standard Chartered, Vedanta Resources, ITV, Taylor Wimpey, Carillion
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photo credit: Reuters | Men daubed in colours celebrate the re-enactment of a local tradition of “Lathmar Holi”, also known as the festival of colours, celebrated at Nandgaon village near the northern Indian city of Mathura
Vedanta to Sell $775 Million of Convertible Bonds
March 2 (Bloomberg) — Vedanta Resources Plc, the largest copper producer in India, is raising about $775 million in the biggest convertible bond issue in Europe this year.
Bond-Offer Surprise Hits Vedanta Shares
Shares of Vedanta Resources fell as much as 6% Tuesday morning after the India-focused miner surprised the market with a $775 million convertible bond offer due in 2017.
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Convertible bond issuance poised for rebound
Convertible bond issuance is expected to recover from a 12-year low as companies look for cheap ways to fund acquisitions and bolster their balance sheets.
Wockhardt in India
Holders of the convertible bonds, which came due in October 2009, … This allowed State Bank of India, a domestic lender that owned about half the FCCBs, …
Stone, Maximilian Dana of D.E. Shaw …
In September 2009 D.E. Shaw and Citadel Investment Group filed a winding-up petition in India against Venus Remedies, after the Chandigarh-based company defaulted on a foreign currency convertible bond (FCCB) issue. …
why is foreign direct investment why is foreign direct investment better than portfolio investment?
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Correction, Stagnation and Boom
They issue shares and hybrid instruments like optionally convertible debentures and preference shares to global real estate funds owned by big banks and Wall Street bond houses.
CB rules amendment provides relief to Indian issuers
India’s Ministry of Finance last week amended the rules relating to foreign currency convertible bonds bringing the pricing norms in line with that for QIPs.
No Direction
The government amended rules for foreign currency convertible bonds (FCCBs) to allow issuers to revise their conversion price, a move aimed at reducing price uncertainty in a volatile equity market.
How Quants Made a Killing—and Made a Mess
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K Sera Sera plans to invest Rs 1200cr over 3 yrs
A: We have basically issued the OCRB of the convertible bonds to Global Trade Finance with whom we were enjoying our factoring facility….
Mahindra & Mahindra May Borrow Overseas for Upgrades (Update1)
Feb. 18 (Bloomberg) — Mahindra & Mahindra Ltd., India’s biggest maker of sport-utility vehicles and tractors, may borrow overseas for the first time in four years to finance upgrades to its product line and manufacturing facilities.
Mahindrana is Gaining a Huge Base
By: Art Gib
The Automotive Sector of Mahindra & Mahindra Ltd has been amongst the world leaders who are successfully manufacturing and marketing high performance vehicles including the light commercial vehicles, three-wheelers and utility vehicles. With it s recent joint ventures and collaborations the company has ambitious plans of dictating into the market of passenger car and commercial vehicles (heavy & medium vehicles).
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SpiceJet seeks to raise $75 million
Tata Group and Wilbur Ross remain invested in the airline, which has a 12.2% share of the Indian domestic market
Sahara skips public issue norms on housing bonds
Mumbai: Sahara India Pariwar, the diversified business group owned by Subrata Roy Sahara, is raising money from retail investors through housing bonds sold by two of its group firms….
New pricing norms for revision of conversion price of FCCBs extended
A scheme for issue of Foreign Currency Convertible Bonds and Ordinary shares (through Depository Receipts Mechanism) was notified in 1993 [snip]. The scheme has been amended from time to time since then.
Bankers seek clarity on new FCCB guidelines
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