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Prospect News home > News index > List of issuers Tenders > Headlines for 2010 > News item
Published on 6/30/2010 in the Prospect News Convertibles Daily and Prospect News Liability Management Daily.

India's Pioneer Embroideries buys back $2 million of its convertibles

By Devika Patel

Knoxville, Tenn., June 30 - Pioneer Embroideries Ltd. informed the Bombay Stock Exchange that it bought back and extinguished $2 million of its foreign currency convertible bonds.

Following this, $11 million of the convertibles remains outstanding.

Pioneer Embroideries is based in Bangalore, India, and manufactures embroidered laces.


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