Reliance Comm redeems $500 mn convertible bonds

Reliance Communications, India's second-biggest mobile carrier by subscribers, said on Tuesday it has redeemed USD 500 million worth zero-coupon foreign currency convertible bonds issued in May 2006.

May 10, 2011 / 20:30 IST

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Reliance Communications, India's second-biggest mobile carrier by subscribers, said on Tuesday it has redeemed USD 500 million worth zero-coupon foreign currency convertible bonds issued in May 2006.

Reliance Comm said in a statement to the Bombay Stock Exchange that it had made the payments on May 9, which was the due date for redemption.

first published: May 10, 2011 11:41 am

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