India's Nissan Copper to issue up to $34 million in convertible bonds

By Devika Patel

Knoxville, Tenn., Jan. 15 - Nissan Copper Ltd. informed the Bombay Stock Exchange that it approved a proposal to issue up to $34 million of its foreign currency convertible bonds at a board of directors meeting on Jan. 15. The company had previously authorized up to $20 million of the convertibles.

Nissan Copper also is considering Global Depositary Receipts.

Mumbai, India-based Nissan Copper makes copper tubes and products.

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