Guidelines for prepayment of Foreign Currency Convertible Bond (FCCB) Issues by Indian companies

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....Exchange Madam/Sirs, Guidelines for prepayment of Foreign Currency Convertible Bond (FCCB) Issues by Indian companies Attention of authorised dealers is invited to A.P.(DIR Series) Circular No.29 dated March 11, 2002 allowing an Indian company or a body corporate, created by an Act of Parliament, to issue FCCBs under the automatic route without the approval of Government or the Reserve Bank. 2....

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....istry of Finance & Company Affairs Department of Economic Affairs (Investment Division) PRESS NOTE New Delhi, dated the 5th February 2003 Guidelines for prepayment of FCCB issues by the Indian companies A Scheme for issue of Foreign Currency Convertible Bonds and Ordinary Shares (Through Depository Receipts Mechanism) was notified by the Government of India in November, 1993. Revisions/modifi....

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....e face value (inclusive of all expenses for such buy-back). d. The bonds purchased from the holders must be cancelled and should not be re-issued or re-sold. e. The funds resources for making such prepayment by the Company shall not be by resorting to fresh external debt. f. This prepayment scheme of FCCBs will not have any effect on the bondholders of Indian Companies not opting this window....