RCom buys back $25 mn convertible bonds

RCom buys back $25 mn convertible bonds
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First Published: Wed, Apr 29 2009. 10 02 PM IST
Updated: Wed, Apr 29 2009. 10 02 PM IST
Singapore: Reliance Communications Ltd (RCom), India’s second-largest mobile-phone operator, will buy back $24.7 million of outstanding notes from its $1 billion in zero coupon convertible bonds due 2012.
The Mumbai-based company will pay 85 cents on the dollar for the notes after a tender offer to investors, it said in a statement to the Singapore stock exchange on Wednesday.
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First Published: Wed, Apr 29 2009. 10 02 PM IST