Eros bond: Not quite a love story

Indian film producer Eros International cancelled a dollar bond this week, as nervous investors kept a close eye on US interest rates.

It has not been a good week for Eros International, a Bollywood movie producer.

The company had to jettison a planned dollar bond on Wednesday, despite offering investors a juicy pick-up over what it initially hoped for. On the same day, it was hit with accusations of fraud by a little-known short-seller, who has not yet substantiated those claims. Its New York-listed stock plummeted 12.67% in a single day, capping a fall of more than 26% since the start of the year.

Eros’ planned dollar bond was ambitious. It was set to be the first such deal from any Asian film producer. The company’s B- rating from...

¬ Haymarket Media Limited. All rights reserved.

FinanceAsia has updated its subscription model.

Registered readers now have the opportunity to read 5 articles from our award-winning website for free.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences.

To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222

Article limit is reached.

Hello! You have used up all of your free articles on FinanceAsia.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences. To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222