Ontrack Systems hopes to issue up to $15 million in convertibles

By Devika Patel

Knoxville, Tenn., Feb. 19 - Ontrack Systems Ltd. informed the Bombay Stock Exchange that it will consider plans to issue up to $15 million in foreign currency convertible bonds and euro convertible bonds at an extraordinary general meeting on Feb. 26.

Other securities being considered include secured premium notes, Global Depositary Receipts and American Depositary Receipts.

Based in Kolkata, India, Ontrack Systems is a technology company.

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