Challenging Times Ahead for Indian Foreign Currency Convertible Bonds
The redemption premium for most FCCBs is high and Indian companies are bracing themselves to give the money back to the bondholders.
Tanuj Khosla
June 3, 2011
A woman counts rupee notes at a cash counter of a bank in Mumbai, India, on Tuesday, May 29, 2007. India's economic growth unexpectedly quickened last quarter, rekindling inflation concerns that may force the central bank to raise interest rates further. Photographer: Prashanth Vishwanathan/Bloomberg News
PRASHANTH VISHWANATHAN/BLOOMBERG NEWS
