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Published on 7/24/2009 in the Prospect News Convertibles Daily.

India's Aban to consider issuing foreign-currency convertible bonds

By Devika Patel

Knoxville, Tenn., July 24 - Aban Offshore Ltd. informed the Bombay Stock Exchange that it will vote on plans to issue foreign-currency convertible bonds at a board of directors meeting on July 31.

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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