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Mercator Lines plans to issue up to $300 million in convertible bonds
By Devika Patel
Knoxville, Tenn., Jan. 28 - Mercator Lines Ltd. informed the Bombay Stock Exchange that it approved a proposal to issue up to $300 million in foreign currency convertible bonds at a board of directors meeting on Jan. 28.
The company also is considering issuing Global Depositary Receipts and American Depositary Receipts.
Mercator is a Mumbai, India, ocean shipping company.
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