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Sterling International could issue $500 million of convertible bonds
By Devika Patel
Knoxville, Tenn., Nov. 19 - Sterling International Enterprises Ltd. notified the Bombay Stock Exchange that it approved a proposal to issue $500 million of foreign currency convertible bonds at a board of directors meeting on Nov. 19.
The company also may issue Global Depositary Receipts.
The Mumbai, India, company provides equipment leasing services.
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