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Prospect News home > News index > List of issuers N > Headlines for Nava Bharat Ferro Alloys Ltd > News item
Published on 5/31/2006 in the Prospect News Convertibles Daily and Prospect News Emerging Markets Daily.

India's Nava Bharat Ferro board authorizes up to $100 million of foreign currency convertible bonds

By Jennifer Chiou

New York, May 31 - Nava Bharat Ferro Alloys Ltd. informed the Bombay Stock Exchange that its board approved an up to $100 million issue of foreign currency convertible bonds at a Wednesday meeting.

The Hyderabad, India, manufacturer of ferro alloys said it may issue similar convertible securities as alternatives.


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