Rcom bond slips in overseas trading
DSIJ Intelligence / 23 May 2017
The telecom company's $300-million bond carries a coupon rate of 6.5
Reliance communications Ltd bond that is listed overseas saw its prices slip in Hong Kong on Monday amidst worries about the company's dollar-denominated debt.
The telecom company's $300-million bond carries a coupon rate of 6.5
The dollar-denominated bond will be maturing in June 2020 and is rated B2 negative by Moody's Investor Service.
In a note that was released on May 11, Moody's mentioned that Reliance Communications remains exposed to currency mismatches. The note further stated that nearly 45-50
The company is currently under debt restructuring and has around $1-billion dollar-denominated debt which will mature in March 2018.
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