Moser Baer India looks to restructure 2007 tranche A, B convertibles

By Marisa Wong

Madison, Wis., June 14 - Moser Baer India Ltd. said it is considering restructuring its $75 million zero-coupon tranche A convertible bonds and $75 million zero-coupon tranche B convertible bonds.

The bonds were issued on June 20, 2007 and are scheduled to mature on June 21, 2012.

Moser Baer informed bond trustee Citibank, NA, London Branch that it has been in discussions with bondholders.

The company intends to have a restructuring plan prior to the maturity of the bonds.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.