In 2017, avista acted as “debtor advisor” in the restructuring of foreign currency convertible bonds (fccb) of jaiprakash associates amounting to $110 million while avista advised on the fccbs, icici bank was the lead bank in the consortium of banks that lent to jaiprakash associates.
In june, jaiprakash associates had said that bondholders agreed to exchange outstanding existing fccbs worth usd 150 million the bonds were issued in september 2012 with maturity in 2017 and a coupon rate of 575 per cent. Jaiprakash associates shares plunged 9 per cent to a two-month low in a weak mumbai market wednesday the cement maker was the top loser on the 50-share nifty index here are the reasons behind. Fccb this option may be preferable too as it is likely to prove cheaper however, it may prove difficult to find willing lenders, given the global credit squeeze and general averseness to risk the guidelines prohibit a change in the conversion price, while permitting restructuring of the fccb by changing the maturity period and interest rates 4.
Jaiprakash associates ltd (jal), the flagship company of the jaypee group, was incorporated in 1996 in 2003 jal was formed due to merger of jaiprakash industries (jil) and jaiprakash cement. -jaiprakash associates ltd has issued fccb up to usd200 million through barclays bank plc and standard chartered bank 2013 -jaypee group refutes economic times report on debt, and gives figures of groups assets 2014 -jpvl signs mou with jsw to sell 3 power plants 2015 - jaypee sports merges with jaiprakash associates 2016 -jaiprakash associates gains over 14 pct on sale of cement.
New delhi: delhi-based jaiprakash associates has decided to repay about rs 3,100 crore ($550 million) of foreign currency convertible bonds (fccbs) ahead of their september maturity the company, which had sought reserve bank of india (rbi) approval earlier this month, hopes to make the prepayment by next month. Jaiprakash associates on wednesday said it has raised usd 150 million (about rs 835 crore) via foreign currency convertible bonds (fccb) to part finance its existing convertible bonds.
New delhi, nov 28 debt-ridden jaiprakash associates has completed the exercise to exchange its usd 150 million foreign currency convertible bonds (fccbs) due this year with those maturing in 2020-21 recently, the company's finance committee approved cashless exchange of existing fccbs due in 2017 with those maturing in 2020-21. Debt-ridden jaiprakash associates has fixed november 28 as the effective date for restructuring of its usd 150 million foreign currency convertible bonds (fccbs) maturing this year recently, the company's finance committee approved cashless exchange of existing fccbs due in 2017 with those maturing in 2020-21.
Fy13 to see new projects, fccb, debt reduction: jp associates jp associate's announcements jaiprakash associates ltd (jal), the flagship company of the jaypee group, was incorporated in 1996. On thursday, shares of jaiprakash associates closed at rs 5975 on the bombay stock exchange, a discount of about 64 per cent from the conversion price out of the $400-million worth of fccbs, investors have already converted bonds worth $45 million while the company has bought back bonds worth $41 million.