A number of foreign currency convertible bond (FCCBs) are coming up for maturity in the next few years. Earlier this week, Reserve Bank of India warned that corporates who raise funds via FCCBs might face problems as holders may not opt for conversion of bonds into equity because of low market value of shares.
Madan Menon, head of global banking for Southeast Asia, RBS said, "if corporates require refinancing, it's our role to ensure that we assist them to pay down the convertible bond that hasn't converted. Commenting on reports that a number of private banks are clamouring to enter this space, he added that there is litlle room for overlap and both communities can play well. Below is the verbatim transcript of his interview with Sonia Shenoy. Also watch the accompaying video. Q: Do you think that corporates will find it difficult to raise funds in order to repay all of these debts and how would RBS cash in on this particular opportunity?
A: In terms of our client engagement, I wouldn
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