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Aban may issue up to $400 million in convertibles
By Devika Patel
Knoxville, Tenn., July 21 - Aban Offshore Ltd. informed the Bombay Stock Exchange that it approved plans to issue up to $400 million in foreign currency convertible bonds at a board of directors meeting on July 21.
The company also may issue Global Depositary Receipts and American Depositary Receipts.
Aban is an offshore oil and gas drilling company based in Chennai, India.
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