Convertible security: GK, General Studies and Current Affairs

Indian companies can continue to buy back FX convertible bonds

The Reserve Bank of India has allowed companies to continue to buy back foreign currency convertible bonds (FCCBs) under the approval route. The central bank will consider proposals from Indian companies for buyback of FCCBs, if the buyback value is at a minimum discount of 5 percent on the accreted value, it said in a ..