SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

RCOM ties up refinancing for redemption of outstanding FCCBs

17 Jan 2012 Evaluate

Reliance Communications (RCOM) has tied up refinancing for maturity value of its outstanding foreign currency convertible bonds (FCCBs) worth $1,182 million or around Rs 6,125 crore. The refinancing is being funded by Industrial and Commercial Bank of China (ICBC), China Development Bank Corporation (CDB) and Export Import Bank of China (EXIM) and other banks.

RCOM will benefit from extended loan maturity of 7 years and attractive interest cost of about 5%. The loan proceeds would be used for refinancing the entire redemption amount of FCCB, which are due for redemption on March 01, 2012. This is the largest refinancing in the history of FCCBs by any Indian Corporate.

Reliance Communications is India's foremost and truly integrated telecommunications service provider. The company has established a pan-India, next generation, integrated (wireless and wireline),convergent (voice, data and video) digital network that is capable of supporting best-of-class services spanning the entire communications value chain, covering over 24,000 towns and 600,000 villages.

Reliance Comm Share Price

1.05 0.01 (0.96%)
17-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
Bharti Airtel 1846.55
Vodafone Idea 9.62
Indus Towers 412.35
Tata Communications 1521.05
Bharti Hexacom Ltd. 1538.30
View more..

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through:

×