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India's Ispat Industries to issue $125 million of convertibles
By Angela McDaniels
Seattle, March 9 - Ispat Industries Ltd. plans to issue up to $125 million of foreign-currency convertible bonds, according to a company news release.
The issuance was approved by the board of directors at its meeting on Wednesday and is subject to additional approvals and consents.
Ispat Industries is a steelmaker based in Mumbai, India.
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