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Prospect News home > News index > List of issuers M > Headlines for Mercator Lines Ltd. > News item
Published on 6/11/2010 in the Prospect News Emerging Markets Daily.

India's Mercator Lines reduces coupon of non-convertible debentures

By Devika Patel

Knoxville, Tenn., June 11 - Mercator Lines Ltd. informed the Bombay Stock Exchange that it amended its secured non-convertible debentures. The coupon was reduced to 10½% per year from 11¼% per year.

There are 900 debentures outstanding.

Mercator is a Mumbai, India, ocean shipping company.


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