Convertibles look ahead to sunny days
This is the perennial question for investors faced by convertible bonds, the best-known financing product in the territory between straight ownership …
FinMin allows IRFC to issue Rs 5,000-crore tax-free bonds
The finance ministry today allowed the Indian Railway Finance Corporation (IRFC) to issue Rs 5,000 crore of tax-free bonds, carrying an interest rate in the range of 6.50-7.25 per cent per annum by March 31, 2010.
Aksh Optifibre Ltd has allotted $6,328,000 1% Unsecured Foreign Currency Convertible Bonds due 2013 pursuant to an Exchange Offer to the existing Bondholders of FCCBs raised in January 2007 and due for Redemption.
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