\n
The mobile phone operator controlled by billionaire Anil Ambani<\/a>, whose failure to pay interest on the dollar notes comes as a high-profile test of India’s new bankruptcy laws, held the call Monday, Citigroup said in a note to clients dated November 28. That came amid news that China Development Bank was said to have asked an Indian tribunal to place the company, also known as RCom, under insolvency proceedings.
\n
\nALSO READ: <\/strong> RCom says not making any payment to lenders for time being<\/a><\/strong>
\n
\n“One of the key takeaways for us was the company's intent to treat the bondholders pari-passu to the other secured lenders,” Citigroup said in the note. One of the triggers for the call was to encourage bondholders to form a committee, it said.
\n
Reliance Communications, once India's second-largest wireless operator, got to this point after years of ballooning borrowing and over-spending finally caught up with it. Intense price competition has driven down earnings as larger mobile companies such as Bharti Airtel<\/a> Ltd. and deep-pocketed Reliance Jio Infocomm Ltd. vie for market share. In a sign of investor concerns, the 2020 bonds on which it missed an interest payment are trading at about 35 cents on the dollar.
\n
\nALSO READ: RCom shares slump after China bank moves for insolvency against telco<\/a><\/strong>
\n
\nA Reliance Communications spokesman didn't immediately reply to an email seeking comment. A Citigroup spokesman said he wasn't able to add anything further.<\/body>","next_sibling":[{"msid":61858256,"title":"Google detects spy app stealing info from social media, phones","entity_type":"ARTICLE","link":"\/news\/google-detects-spy-app-stealing-info-from-social-media-phones\/61858256","category_name":null,"category_name_seo":"telecomnews"}],"related_content":[],"seoschemas":false,"msid":61858336,"entity_type":"ARTICLE","title":"Reliance Communications told bondholders they're on par with lenders: Citigroup","synopsis":"Bondholders told they will be treated the same as bank lenders in terms of their ability to recover funds.","titleseo":"telecomnews\/reliance-communications-told-bondholders-theyre-on-par-with-lenders-citigroup","status":"ACTIVE","authors":[],"Alttitle":{"minfo":""},"artag":"Bloomberg","artdate":"2017-11-30 08:33:16","lastupd":"2017-11-30 12:28:45","breadcrumbTags":["Reliance communications","bondholders","Lenders","Airtel","Anil Ambani","Citigroup","industry","Bharti Airtel"],"secinfo":{"seolocation":"telecomnews\/reliance-communications-told-bondholders-theyre-on-par-with-lenders-citigroup"}}" data-authors="[" "]" data-category-name="" data-category_id="" data-date="2017-11-30" data-index="article_1">
香港|孟买:印度的信实电信有限公司,本月早些时候拖欠美元指出,告知债券持有人,他们将银行一样对待银行恢复基金的能力,根据花旗集团(Citigroup)公司。
移动电话运营商控制的亿万富翁安尼尔•安巴尼未能支付利息的美元纸币之际,印度高调测试的新破产法,举行了周一称,花旗集团(Citigroup)在给客户的报告中说日期为11月28日。消息之际,中国国家开发银行据说乐动扑克要求印度法庭把公司,也被称为RCom,在破产程序。
还读: RCom说不做任何付款银行
“为我们的一个关键外卖公司的意图治疗其他担保银行债券持有人按同一比例,”花旗集团(Citigroup)在报告中称。一个触发器的调用是鼓励债券持有人组成一个委员会,它说。
Reliance Communications,一旦印度第二大无线运营商,做到这点,经过多年的不断膨胀的借贷和过度消费最终赶上它了。激烈的价格竞争导致收益等更大的移动公司Bharti Airtel有限公司和财力雄厚的依赖Jio Infocomm有限公司争夺市场份额。表明投资者的担忧,它错过了一个2020年的债券利息支付约为35美分。
还读:信实电信股价暴跌。此前,这家中国银行破产对电信移动
信实电信一位发言人没有立即回复寻求置评的电子邮件。花旗集团的一位发言人说,他无法进一步添加任何东西。
移动电话运营商控制的亿万富翁安尼尔•安巴尼未能支付利息的美元纸币之际,印度高调测试的新破产法,举行了周一称,花旗集团(Citigroup)在给客户的报告中说日期为11月28日。消息之际,中国国家开发银行据说乐动扑克要求印度法庭把公司,也被称为RCom,在破产程序。
还读: RCom说不做任何付款银行
“为我们的一个关键外卖公司的意图治疗其他担保银行债券持有人按同一比例,”花旗集团(Citigroup)在报告中称。一个触发器的调用是鼓励债券持有人组成一个委员会,它说。
Reliance Communications,一旦印度第二大无线运营商,做到这点,经过多年的不断膨胀的借贷和过度消费最终赶上它了。激烈的价格竞争导致收益等更大的移动公司Bharti Airtel有限公司和财力雄厚的依赖Jio Infocomm有限公司争夺市场份额。表明投资者的担忧,它错过了一个2020年的债券利息支付约为35美分。
还读:信实电信股价暴跌。此前,这家中国银行破产对电信移动
信实电信一位发言人没有立即回复寻求置评的电子邮件。花旗集团的一位发言人说,他无法进一步添加任何东西。
评论
现在评论 阅读评论(1)所有评论
找到这个评论进攻?
下面选择你的理由并单击submit按钮。这将提醒我们的版主采取行动