, foreign currency convertible bonds, raises money from overseas investors.
The Company is in full compliance of all regulations vis-a-vis the FCCBs
, and has provided necessary information to the authorities," he added.
26 are much higher than its current share price and converting the FCCBs
will incur losses for the holders.
today), approved the company's proposal for an extension of maturity date of the FCCBs
until 27th July, 2012.
This was a large FCCB
issue and an adverse outcome of this would have been catastrophic," said Bettkober, who holds Reliance Communications bonds as part of the fund's portfolio.
The cost of debt has gone down significantly in 2005 and 2006 because the company used FCCB
as an innovative instrument to counter the hardening interest rates.
The Company has made the repayment as per schedule, in line with the terms and conditions of the FCCB
instrument, underlining the Company's healthy balance-sheet position.
This was part of the 5% April 2016 FCCB
series (ISIN: XS0614325156), which have now been redeemed in full and will cease to exist.
The ED has also asked both Reliance Media Works Limited officials to provide details of the shareholding pattern of the company, besides information on the inflow and outflow of FCCB
proceeds from the company's bank account.
After redemption, the company doesn't have any liability towards FCCB
OTC Pink: CZFS), holding company for First Citizens Community Bank (FCCB
), said it has completed the acquisition of First National Bank of Fredericksburg (FNB), merging FNB with and into FCCB
Kuwait Investment Authority has accorded to subscribe to a 60 year FCCB