BNP Paribas was sole bookrunner for the offering, which marked its debut as an arranger of CBs for issuers out of Asia where the bank typically focuses on straight equity and debt. And while the issue did eventually get done, the bankÆs inexperience showed through when it launched the Videocon CB at the end of last week with an initial yield that was in breech of Indian regulations.
Yields on Indian CBs are allowed to...
¬ Haymarket Media Limited. All rights reserved.
