Buyback / Prepayment of Foreign Currency Convertible Bonds (FCCBs).

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....Dealer Category - I (AD Category - I) banks is invited to the A.P. (DIR Series) Circular No. 39 dated December 08, 2008 and A.P. (DIR Series) Circular No.75 dated June 30, 2011 on the captioned subject. 2. On a review, it has been decided to continue the scheme of buyback of FCCBs subject to certain modifications. 3. Accordingly, Reserve Bank will consider proposals from Indian companie....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

.... on completion of the buyback, a report giving details of buyback, such as, the outstanding amount of FCCBs, accreted value of FCCBs bought back, rate at which FCCBs bought back, amount involved, and source/s of funds may be submitted, through the designated AD Category - I bank, to the Reserve Bank. 5. AD Category - I banks may bring the contents of this circular to the notice of their constit....